Tractor Supply shares are trading lower after B of A Securities downgraded the stock from Neutral to Underperform and lowered its price target from $207 to $171.
Portfolio Pulse from Benzinga Newsdesk
Tractor Supply's stock (TSCO) trades lower following a downgrade by B of A Securities from Neutral to Underperform, with a reduced price target from $207 to $171.
December 15, 2023 | 3:48 pm
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NEGATIVE IMPACT
Tractor Supply's stock price is likely to experience downward pressure in the short term due to the downgrade by B of A Securities and a lowered price target.
Analyst downgrades typically lead to a negative perception among investors, potentially causing a sell-off. The significant reduction in the price target from $207 to $171 suggests a bearish outlook on the stock's value, which may further influence investor sentiment and stock price.
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IMPORTANCE 85
RELEVANCE 100