Raymond James Maintains Strong Buy Rating for Tractor Supply: Here's What You Need To Know

Raymond James has decided to maintain its Strong Buy rating of Tractor Supply TSCO and lower its price target from $255.00 to $245.00.

Shares of Tractor Supply are trading down 1.66% over the last 24 hours, at $195.12 per share.

A move to $245.00 would account for a 25.56% increase from the current share price.

About Tractor Supply

Tractor Supply is the largest operator of retail farm and ranch stores in the United States. The company targets recreational farmers and ranchers and has little exposure to commercial and industrial farm operations. Currently, the company operates 2,003 of its namesake banners in 49 states and 178 Petsense stores. Stores are typically located in towns outside of urban areas and in rural communities. In fiscal 2021, revenue consisted primarily of livestock and pet (47%), hardware, tools, and truck (21%), and seasonal gift and toy (21%).

About Analyst Ratings

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Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.