Raymond James Downgrades Tractor Supply to Outperform, Raises Price Target to $250
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Matthew McClintock downgraded Tractor Supply (TSCO) from Strong Buy to Outperform while raising the price target from $230 to $250.
February 02, 2024 | 11:45 am
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Tractor Supply was downgraded from Strong Buy to Outperform by Raymond James, but the price target was increased from $230 to $250.
The downgrade from Strong Buy to Outperform might initially seem negative, but the increase in price target from $230 to $250 indicates a positive outlook on the stock's potential. This mixed signal could lead to short-term uncertainty among investors, but the raised price target suggests confidence in the company's future performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100