Morgan Stanley Downgrades Tractor Supply to Underweight, Announces $195 Price Target
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Simeon Gutman has downgraded Tractor Supply (NASDAQ:TSCO) from Equal-Weight to Underweight and set a price target of $195.

January 16, 2024 | 11:50 am
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Tractor Supply has been downgraded by Morgan Stanley from Equal-Weight to Underweight with a price target of $195.
Downgrades by major analysts like Morgan Stanley can lead to a negative perception among investors, potentially causing a short-term decline in the stock's price. The new price target, while not necessarily negative, is a critical piece of information that investors will consider. Given that this is a direct rating change by a reputable analyst, it is highly relevant and important for investors in TSCO.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100