- Oppenheimer analyst Brian Nagel upgraded Tractor Supply Co TSCO to Outperform from Perform with a $270 price target, implying a 16.1% upside.
- The analyst notes Tractor Supply's model strengthened through the COVID-19 crisis.
- Nagel specifies that macro tailwinds like soaring fuel prices and demographic shifts as the reasons for the upgrade.
- Also Read: Tractor Supply Q4 Earnings Surpass Estimates; Issues Upbeat FY22 Guidance
- Price Action: TSCO shares closed higher by 2.41% at $232.60 on Thursday.
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