BofA raised the firm’s price target on Tractor Supply (TSCO) to $53 from $44 and keeps an Underperform rating on the shares. The firm fine-tuned estimates and rolled forward valuation to its FY26 estimates. The firm believes a multiple below historical averages is warranted given growth headwinds into 2025, but expects the company’s “Life Out Here” strategic initiatives to position the company well for growth as macro pressures subside, the analyst tells investors.
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