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Wall Street Races to Raise Tractor Supply’s Price Target Amid Record-Breaking Quarter

Rich Duprey, The Motley Fool
·2-min read
Wall Street Races to Raise Tractor Supply’s Price Target Amid Record-Breaking Quarter

Tractor Supply Company (NASDAQ: TSCO) expects record-breaking sales and earnings in the second quarter as a result of over 100 initiatives the rural lifestyle retailer implemented to meet the challenges of the COVID-19 pandemic. Although Tractor Supply won't report earnings until July 23, it says net sales and comparable sales are expected to grow 20% or more for the period. No fewer than 11 firms increased their price targets for Tractor Supply, with an average boost of 19%.

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