Barclays Downgrades Tractor Supply to Equal-Weight, Lowers Price Target to $224
Portfolio Pulse from richadhand@benzinga.com
Barclays analyst Seth Sigman has downgraded Tractor Supply (NASDAQ:TSCO) from Overweight to Equal-Weight and lowered the price target from $254 to $224.
July 31, 2023 | 1:10 pm
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NEGATIVE IMPACT
Tractor Supply has been downgraded by Barclays from Overweight to Equal-Weight, with a lowered price target from $254 to $224.
The downgrade from Barclays, a major financial institution, could negatively impact investor sentiment towards Tractor Supply. The lowered price target suggests that Barclays sees less upside potential in the stock, which could lead to selling pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100