From Financial Modeling Prep: 2025-01-06 19:26:00

Tractor Supply Company’s shares rose over 3% after an upgrade from Mizuho analysts, who raised the price target to $60. The company is set to benefit from a rebound in its pet segment and stable commodity prices in its animal feed business. The recent stock pullback offers an attractive entry point.

The company has set achievable financial targets, with annual comparable sales growth of 3%-5% and EPS growth of 8%-11%. Operating margins are expected to exceed 11%, driven by factors such as a $130-$150 million profit boost from its retail media business and a $50 million opportunity within exclusive brands. The acquisition of Allivet will also contribute to growth.



Read more at Financial Modeling Prep:: Tractor Supply Upgraded to Outperform, Shares Rise…