Core Viewpoint - Evercore ISI upgraded Tractor Supply Company (TSCO) to Outperform and raised its price target to $65, citing improving traffic trends, effective growth initiatives, and a compelling stock valuation [1]. Group 1: Financial Performance - In Q3 2025, TSCO's comparable store sales increased by 3.9% year over year, with transaction count up by 2.7% and average ticket size growing by 1.2% [1]. - Net sales for Q3 reached $3.72 billion, reflecting a 7.2% increase, compared to a 1.5% growth in comparable sales in Q2 [1]. Group 2: Future Outlook - For Q4, TSCO anticipates comparable sales growth between 1% to 5%, with the midpoint aligning with its long-term growth algorithm [2]. - Management plans to open approximately 100 new stores in 2026, supported by 18 recently acquired Big Lots locations, alongside expected same-store sales growth of 3% to 5% [3]. Group 3: Company Profile - TSCO is recognized as the largest rural lifestyle retailer in the US, catering to farmers, ranchers, homeowners, and pet owners [4].