Barclays Highlights Tractor Supply (TSCO) Meeting: Continues to Be Best Long-Term Top/Bottom-Line Growth Prospects

Barclays maintains an 'Overweight/Top Pick' on Tractor Supply Company (NASDAQ: TSCO) price target of $120.00.

Analyst, Alan M. Rifkin, attended TSCO's investor meeting yesterday, saying the presentations were upbeat, but no update to current business trends were offered. Although the company reiterated plans to continue growing gross margins and highlighted the opportunity Tractor Supply has in its private brand label.

To conclude, Rifkin, said, "We continue to recommend Tractor Supply as we believe that the company offers among the best LT top- and bottom-line growth prospects in Hardlines. We maintain our 2012 EPS estimate of $3.70 ($0.01 ahead of the Street) as well as our 2013 EPS estimate of $4.28."

For an analyst ratings summary and ratings history on Tractor Supply Company click here. For more ratings news on Tractor Supply Company click here.

Shares of Tractor Supply Company closed at $86.58 yesterday.

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