Deutsche Bank Reiterates Buy Rating on Tractor Supply Company

Deutsche Bank is reiterating its Buy rating on shares of Tractor Supply Company TSCO. “Management from TSCO participated in our recent 1-on-1 Retail conference, and we believe the take-aways from the meetings were positive,” Deutsche Bank writes. “Specifically, we believe near-term estimates are safe as management commented that it had recently re-affirmed FY11 guidance, and believe that there is plenty of runway on the various gross margin initiatives. We reiterate our Buy rating, based on above average square footage and EPS growth, and its role as the industry consolidator.” Tractor Supply Company closed Thursday at $61.86.