Tractor Supply price target raised to $60 from $58 at Guggenheim

Guggenheim raised the firm’s price target on Tractor Supply (TSCO) to $60 from $58 and keeps a Buy rating on the shares. Although a warmer-than-expected start to Q4 may limit expectation upside over the near-term, the building blocks behind the company’s secular growth profile “appear to be strengthening,” says the analyst, who contends that the company’s investment community day in December “laid the foundation for significant” net sales and EBITDA growth over the next five years.