Six analysts raise Tractor Supply targets

A handful of analysts following Tractor Supply are telling investors to be confident that the company’s growth during the COVID-19 pandemic can be sustained in 2021 and beyond.

Their comments and price target hikes in recent days have come on the heels of Tractor Supply executives releasing their first-quarter earnings report and raising their outlook for the Brentwood-based company's year. They also said that strong sales gains from the first quarter have carried over to the second quarter, expected to be the company's most difficult quarter based on last year's pop as the pandemic took hold.