BTIG Downgrades Tractor Supply Company (TSCO) to Neutral
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UBS Cuts Price Target on Tractor Supply (TSCO) to $88; Reiterates Buy
September 8, 2016 8:35 AM EDTUBS maintained a Buy rating on Tractor Supply Company (NASDAQ: TSCO), and cut the price target to $88.00 (from $102.00), following the company's pre-announcement. TSCO lowered its FY EPS outlook to $3.22-$3.26 from $3.35-$3.40.
Analyst Michael Lasser commented, "Historically, TSCO's performance provided evidence to support that it could power through external factors such... More
Tractor Supply (TSCO) Guides Q3 Below the Street
September 7, 2016 4:06 PM EDTTractor Supply Company (NASDAQ: TSCO) provided a business update for the third quarter-to-date and announced its participation in the Goldman Sachs 23rd Annual Global Retailing Conference on September 8, 2016.
Net sales for the third quarter are expected to increase approximately 4.2% to 5.0% to $1.54 billion to $1.55 billion from $1.48 billion in the third quarter of 2015, with comparable store sales ranging from flat to a decrease of (1.0)% versus an increase of 2.9% in last year's third quarter. Comparable store transaction... More
