Thursday, December 2, 2010

Goldman (NYSE:GS) Raises EPS, PT on Tractor Supply (NASDAQ:TSCO)

Goldman Sachs has raised the price target and EPS estimate on Tractor Supply Company (NASDAQ:TSCO) while maintaining their "Sell" rating on them.

Sales have increased recently from the boost in demand for heating and animal and/or pet related demand. Consumers are stocking up on feed for the winter.

People are also gravitating to wood heat in response to rising natural gas prices, choosing wood stoves and fireplaces as alternatives.

Goldman raised their fully year 2010 EPS from $2.13 to $2.19; their full year 2011 EPS from $2.28 to $2.36; and for full year 2012 from $2.60 to $2.60.

Tractor Supply was trading at $44.83, gaining $1.04, or 2.37 percent as of 12:08 PM EST. Goldman has a price target of $41 on them, raising it from $37.

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