Citigroup Downgrades Tractor Supply to Neutral, Lowers Price Target to $207
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Steven Zaccone has downgraded Tractor Supply (NASDAQ:TSCO) from Buy to Neutral and lowered the price target from $250 to $207.
October 05, 2023 | 10:38 am
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Tractor Supply has been downgraded by Citigroup from Buy to Neutral, with a lowered price target of $207.
The downgrade from Buy to Neutral by Citigroup indicates a less optimistic outlook for Tractor Supply. The lowered price target from $250 to $207 also suggests that the analyst sees less upside potential in the stock. This could potentially lead to a negative sentiment among investors, which may put downward pressure on the stock price in the short term.
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