Analysts rush to raise Tractor Supply targets
By Geert De Lombaerde Posted on October 9, 2009 at 8:04 amAfter Tractor Supply came out firing yesterday about its pending third-quarter earnings, analysts at FBR Capital Markets and Wedbush Morgan lifted their price targets. FBR’s Stephen Chick now sees Tractor Supply shares (Ticker: TSCO) going to $48, Wedbush Morgan’s Joan Storms to $54. Those shares closed Thursday trading at $53 and change, their highest level in 27 months.
Tags: analyst actions, FBR Capital Markets, Friedman Billings Ramsey Group Inc., Joan Storms, retail, stock valuation, Tractor Supply Co., Wedbush Morgan Securities
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