Tractor Supply price target raised to $250 from $240 at Barclays

Barclays raised the firm’s price target on Tractor Supply (TSCO) to $250 from $240 and keeps an Equal Weight rating on the shares following the Q3 report. The company’s sales remain weak, and Barclays debates its ability to get back to its mid-single-digit comp target, while margin gains should start to moderate, the analyst tells investors in a research note. The firm does not see numbers going up, but says Tractor Supply” still provides a level of defensiveness and exposure to some potential post-election trends that may keep shares elevated.”