Tractor Supply (TSCO) volatility low into cutting guidance

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UBS Cuts Price Target on Tractor Supply (TSCO) to $88; Reiterates Buy

September 8, 2016 8:35 AM EDT

UBS maintained a Buy rating on Tractor Supply Company (NASDAQ: TSCO), and cut the price target to $88.00 (from $102.00), following the company's pre-announcement. TSCO lowered its FY EPS outlook to $3.22-$3.26 from $3.35-$3.40.

Analyst Michael Lasser commented, "Historically, TSCO's performance provided evidence to support that it could power through external factors such... More