Wells Fargo Maintains Overweight Rating for Tractor Supply: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Wells Fargo has maintained its Overweight rating for Tractor Supply (NASDAQ:TSCO) but lowered its price target from $270.00 to $255.00. Tractor Supply's shares are currently trading down 0.33% at $210.12 per share. A move to $255.00 would represent a 21.36% increase from the current share price.
July 18, 2023 | 5:00 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Wells Fargo has maintained its Overweight rating for Tractor Supply but lowered its price target. This could potentially lead to a 21.36% increase in the share price.
The Overweight rating indicates that Wells Fargo believes Tractor Supply's stock will outperform the market in the future. However, the lowering of the price target may indicate a slightly less optimistic outlook than before. Despite this, a move to the new target price would still represent a significant increase from the current share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100