Goldman Sachs Group Inc. (NYSE: GS) Downgrades Tractor Supply Co (NASDAQ: TSCO)

Goldman Sachs Group Inc. (NYSE: GS) Downgrades Tractor Supply Co (NASDAQ: TSCO)

Goldman Sachs Group Inc. (NYSE: GS) analysts downgraded shares of Tractor Supply Co (NASDAQ: TSCO) from “sell” to “neutral” citing slower growth and valuation concerns. The firm set a $72.00 price target on the stock in a research note to investors on Wednesday.

Tractor Supply Company is an operator of retail farm and ranch stores in the United States. The Company operates retail stores under the names Tractor Supply Company and Del’s Farm Supply and operate a Website under the name TractorSupply.com. Its stores are located in towns outlying metropolitan markets and in rural communities, and offer a selection of merchandise, which include equine, pet and small animal products, including items necessary for their health, care, growth and containment; hardware and seasonal products, including lawn and garden power equipment; truck, towing and tool products; work/recreational clothing and footwear for the entire family; maintenance products for agricultural and rural use, and home decor, candy, snack food and toys.

Shares of TSCO traded down 4.13% hitting $68.19 during mid-day trading on Wednesday.

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