Tractor Supply catches its breath
By Geert De Lombaerde Posted on October 23, 2009 at 7:33 am
A notable loser in Thursday’s stock exchange action was Tractor Supply, which lost more than 6 percent after Piper Jaffray analyst Mitch Kaiser downgraded the company to ‘underweight.’ Kaiser said the expected deflation is daunting enough to lower his 2010 EPS forecast by 6 percent.
Tags: analyst actions, deflation, Mitch Kaiser, Piper Jaffray & Co., retail, stock valuation, Tractor Supply Co.
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