• Several analysts raised the price target on Tractor Supply Co (NASDAQ: TSCO) following its Q3 results.

• Citi analyst Steven Zaccone raised the price target to $220 from $185 and kept a Neutral rating on the shares.

• Zaccone said the company reported a "significant" Q3 same-store sales and earnings beat based on strong business momentum and strategic growth initiatives reaping benefits.

• Credit Suisse analyst Lavesh Hemnani maintained Tractor Supply with a Neutral and raised the price target from $190 to $215, suggesting a 2% upside.

• Morgan Stanley analyst Simeon Gutman maintained Tractor Supply with an Equal-Weight and increased the price target from $200 to $215.

• Loop Capital analyst Anthony Chukumba lifted the price target on Tractor Supply from $200 to $215.

• The company reported "yet another beat and raise," and it is becoming increasingly clear that many pandemic-driven consumer behavior changes, including working from home and increased pet spending may be far more permanent than initially anticipated, Chukumba notes.

• DA Davidson analyst Michael Baker raised the price target on Tractor Supply to $216 from $190. The company reported "another extraordinary quarter," delivering a message that the broader consumer trends that have enabled it to add 45% in sales since the pandemic began are sustainable.

• Baker added that Tractor Supply positives include "rural revitalization," pet ownership, and homesteading, with the company also navigating supply chain issues "well."

• Baird analyst Peter Benedict hiked the price target to $230 from $210, keeping an Outperform rating on the shares. The analyst said the business continues to benefit from favorable macro trends, improved brand awareness, and deeper engagement across customer cohorts.

• Piper Sandler analyst Peter Keith raised the price target to $250 from $219 and reiterated an Overweight rating on the shares following the "strong" Q3 results.

• Keith notes that the Q4 guidance for up 8%-10% comp looks solid, and survey work suggests this is probably still conservative.

• Raymond James analyst Bobby Griffin maintained Tractor Supply with a Strong Buy and increased the price target from $215 to $245, implying a 16% upside.

• Telsey Advisory Group analyst Joseph Feldman maintained Tractor Supply with an Outperform rating and increased the price target from $215 to $230, suggesting a 9% upside.

• Price Action: TSCO shares are trading higher by 0.04% at $210.5 on the last check Friday.

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