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Mild Weather to Blame for Tractor Supply's (TSCO) Weak 4Q Pre-Announcement - UBS Cuts PT to $97

January 13, 2016 9:16 AM EST

UBS maintained a Buy rating on Tractor Supply Company (NASDAQ: TSCO), and cut the price target to $97.00 (from $99.00), following the company's pre-announced 4Q results. TSCO pre-announced 4Q EPS of $0.81-$0.82, below consensus estimates of $0.90. The weaker than expected results were largely due to mild weather in the Northeast & Midwest. Outside these regions, it saw a LSD comp increase.

Analyst Michael Lasser commented,... More