DA Davidson Reiterates Buy Rating on Tractor Supply Company (TSCO)

DA Davidson analyst Michael Baker reiterated a Buy rating and $70.00 price target on Tractor Supply Company (NASDAQ: TSCO).

The analyst commented, "We saw four of our bullish investment themes on TSCO play out this quarter. These include (1) margin inflection point past investment cycle has peaked; (2) comps improving as deflation pressure has flipped to inflation benefit; (3) ability to compete well with Amazon; and (4) key internal initiatives are working. Supported by these ideas, we maintain our Buy rating on TSCO."

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 $56.35 yesterday.

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