Tractor Supply price target raised to $64 from $63 at Argus

Argus raised the firm’s price target on Tractor Supply (TSCO) to $64 from $63 and keeps a Buy rating on the shares. The firm is positive on the company’s record of consistent growth and an experienced management team, the analyst tells investors in a research note. The firm adds that Tractor Supply is the biggest seller of animal feed in the U.S. with more than 20% market share, while its customers are often home, land, pet, and livestock owners who generally have an above average income and a below average cost of living.