Tractor Supply Company (TSCO) PT Lowered to $44 at Barclays

Barclays analyst Seth Sigman lowered the price target on Tractor Supply Company (NASDAQ: TSCO) to $44.00 (from $51.00) while maintaining a Equalweight rating.

The analyst commented, "Q1 was weaker despite neutral weather, with headwinds mainly in Companion Animal. That hurts the defensive narrative, which is why the stock is down so much today. There are some offsets, and FY guidance was reaffirmed, supported by an improvement in Q2 QTD and initiatives to address recent issues."

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