Tractor Supply Company (TSCO) PT Lowered to $34 at TD Cowen

TD Cowen analyst Max Rahklenko lowered the price target on Tractor Supply Company (NASDAQ: TSCO) to $34.00 (from $38.00) while maintaining a Hold rating.

The analyst commented: "Lower Est. As Trends Remain Soft And Look For Guide & Algo Resets; We expect soft 2Q results and think mgmt. will need to lower the FY26 guide as TSCO continues to work through Companion Animal challenges and deal with a tougher macro. There is also increased pressure to lower the L-T guide which could help lift an overhang and when combined with very modest valuation, could be a positive catalyst."

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