Thursday, December 2, 2010

Tractor Supply (NASDAQ:TSCO) Has Price Target Raised by FBR

FBR Capital raised their price target on Tractor Supply Company (NASDAQ:TSCO) while maintaining an "Underperform" rating on them.

FBR said, "We adjust our 2010E EPS estimate for TSCO to $2.18 from $2.16, and this compares with updated management guidance of $2.16–$2.19. We adjust our 2011E EPS estimate to $2.45 from $2.33, and this compares with the Street consensus estimate of $2.41 (we expect that the Street mean will go up for 2011E as well). We set our 2012E EPS estimate at $2.70 versus the Street estimate of $2.69."

Tractor Supply is trading at $44.96, gaining $1.17, or 2.67 percent as of 12:00 PM EST. FBR has a price target of $35 on them, raising it from $31.

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