DA Davidson Reiterates Buy Rating on Tractor Supply Company (TSCO) Amid Soft Q2 Expectations
DA Davidson analyst Michael Baker reiterated a Buy rating and $40.00 price target on Tractor Supply Company (NASDAQ: TSCO).
The analyst commented, "Last month we reduced our estimates on TSCO below cons. for the current quarter. We also lowered our full year forecasts to not only be below cons. but also to be below company guidance as we believe TSCO is likely to lower their forecast with their 2Q26 results on Thursday. Since then, cons. estimates for the quarter have come to us, at least on EPS, and the full year consensus is now below guidance. We still believe 2Q26 comp estimates are too high. But, with the Street now anticipating soft results and a guide down, low expectations reduces risk in front of earnings."
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Shares of Tractor Supply Company closed at $30.51 yesterday.