Guggenheim reaffirms Buy rating on Tractor Supply stock at $65 target

Guggenheim has reiterated its Buy rating and $65.00 price target for Tractor Supply Company (NASDAQ:TSCO) after meetings with the company’s executive leadership. The firm cited potential tailwinds like Winter Storm Fern, tax refunds, and pet/animal prescription services, alongside core comparable sales strength and merchandising initiatives, as drivers for future growth. Despite some analyst price target reductions following recent financial performance, Guggenheim maintains a positive outlook, supported by the company’s revenue growth, strong cash flows, and consistent dividend payments.

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