UPDATE: Piper Jaffray Downgrades Tractor Supply Company on Valuation
July 25, 2013 at 09:20 AM EDT
In a report published Thursday, Piper Jaffray analyst Peter J. Keith downgraded Tractor Supply Company (NASDAQ: TSCO ) from Overweight to Neutral, but raised the price target from $120.00 to $121.00. In the report, Piper Jaffray noted, “We are downgrading TSCO from Overweight to Neutral but slightly increasing our price target