5:29p.m. - Wedbush Morgan Securities NEW YORK, July 24 (newratings.com) - Analysts at Wedbush Morgan upgrade Tractor Supply Company (TSCO) from "hold" to "buy," while raising their estimates for the company. The target price has been raised from $32 to $41. In a research note published this morning, the analysts mention that the company has posted its 2Q EPS ahead of the consensus and the estimates. The upgrade in rating reflects Tractor Supply’s stellar execution on the top- and bottom-line in the midst of a challenging environment, the analysts say. Although the company has reduced its EPS guidance for 2008 to $2.49-$2.55, it expects to face significant opportunities in the longer term. The EPS estimates for 2008 and 2009 have been raised from $2.45 to $2.52 and from $2.70 to $2.75,...
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