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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.
Analyst Scot Ciccarelli raised RBC Capital’s Tractor Supply price target to $211 from $177. Ciccarelli noted sales trends as “already impressive” before they gained momentum in recent months and that, while they were buttressed by “temporary” boosts from inflation, weather and stimulus, core trends were still “extremely strong and consistent.” ....

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Thursday's analyst upgrades and downgrades - The Globe and Mail


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Inside the Market’s roundup of some of today’s key analyst actions
Scotiabank analyst Jason Bouvier upgraded
Cenovus Energy Inc. (CVE-T) to “sector outperform,” citing improving fundamentals, potential future positive catalysts for the stock, and attractive valuation.
Mr. Bouvier, who previously rated the stock “sector perform,” also raised his price target to $12 (Canadian) from $9.25.
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