Oppenheimer Reaffirms Perform On Shares Of Tractor Supply Company Following Meeting With Management

Oppenheimer analyst Brian Nagel reaffirmed a Perform rating on Tractor Supply Company (NASDAQ:TSCO). No price target was provided.

Nagel noted, “We spent the past couple of days in Philadelphia and Boston with senior management of Tractor Supply (TSCO). TSCO has for a long while represented one of the most consistent and powerful mid-cap unit growth and margin expansion stories in the Hardlines sector, in our view. We have been on the sidelines with TSCO for most of 2014 on concerns of valuation and limited EPS upside potential. TSCO announced Q3 (Sept.) results in late Oct. Management does not comment on business trends intra-quarter. We interpret the tone of TSCO management as still constructive near and longer term.”

According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Brian Nagel has a total average return of 4.0% and a 60.0% success rate. Nagel is ranked #1132 out of 3363 analysts.

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