Stephens & Co. Downgrades Tractor Supply to Equal-Weight, Announces $240 Price Target
Portfolio Pulse from Benzinga Newsdesk
Stephens & Co. analyst Daniel Imbro downgraded Tractor Supply (NASDAQ:TSCO) from Overweight to Equal-Weight and set a price target of $240.
January 23, 2024 | 2:28 pm
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Tractor Supply was downgraded by Stephens & Co. from Overweight to Equal-Weight, with a price target of $240.
Downgrades typically suggest a more cautious view on the stock by analysts, which can lead to a short-term negative sentiment among investors. However, the establishment of a price target at $240, which may be above the current trading price, could indicate a belief in the company's stable value or growth potential, thus the neutral score.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100