Argus Upgrades Tractor Supply Company (TSCO) to Buy

Argus upgraded Tractor Supply Company (NASDAQ: TSCO) from Hold to Buy with a price target of $96.00.

The firm has a favorable view of Tractor Supply’s strong product line, unit expansion plans, and unique store format. They also expect the company to boost gross margins through improved sourcing and higher pricing.

The firm is raising 2015 EPS estimate from $2.95 to $3.10 and establishing a 2016 estimate of $3.60.

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 $83.27 yesterday.

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