Tractor Supply target adjusted for stock split at Evercore ISI

Evercore ISI lowered the firm’s price target on Tractor Supply (TSCO) to $58 from $290 and keeps an In Line rating on the shares as the firm adjusted its target to reflect the 5-for-1 stock split that occurred on December 20. The firm made no changes to any of its financial assumptions or outlook based on the adjustment to the share count, the analyst noted.