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Tractor Supply (TSCO): Owning The Rural Consumer

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UBS Cuts Price Target on Tractor Supply (TSCO) Following Petsense Acquisition

September 30, 2016 9:14 AM EDT

UBS reiterated a Buy rating on Tractor Supply Company (NASDAQ: TSCO), and cut the price target to $80.00 (from $88.00), following the company's acquisition of Petsense. The deal helps TSCO to gain a foothold in the specialty pet market by acquiring the 7th largest pet retailer in North America.

Analyst Michael Lasser commented,... More