B of A Securities Downgrades Tractor Supply to Underperform, Lowers Price Target to $171
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Elizabeth Suzuki downgraded Tractor Supply (NASDAQ:TSCO) from Neutral to Underperform and reduced the price target from $207 to $171.

December 15, 2023 | 1:17 pm
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NEGATIVE IMPACT
Tractor Supply was downgraded by B of A Securities from Neutral to Underperform, with a price target cut from $207 to $171.
Downgrades by analysts, especially from a neutral to an underperform rating, can lead to negative investor sentiment and potential stock price decline. The reduction in price target further suggests a bearish outlook on the stock's value, which may influence short-term trading behavior negatively.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100