Bank of America double upgrades this rural retailer, says it will benefit from tariffs
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最新报道：Bank of America has double-upgraded shares of rural retailer Tractor Supply, raising its rating from underperform to buy with a $300 price target. The bank cites potential benefits from new tariffs on Chinese imports, which could drive more customers to domestic suppliers. Analyst Robert Ohmes notes Tractor Supply's strong positioning in rural markets and its ability to pass on cost increases to consumers. The retailer's focus on essential farming and home goods makes it resilient to economic downturns. Shares rose 4% following the upgrade, outperforming the broader market. The bank also highlights Tractor Supply's growing e-commerce business as a key growth driver.
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