Tractor Supply Sees Price Target Increase, U.S. Steel a Sell in Goldman’s Eyes

Analysts on Wall Street a continuing to put out their top notch research on public equities at the start of 2012. Here is a solid group of companies that are seeing new in-depth reviews from brokerage houses on Wall Street:

Tractor Supply Company (NASDAQ:TSCO): RW Baird raises Tractor Supply target. A positive fourth quarter pre-announcement prompts the firm to increase target price citing increased traffic and comps, its small market opportunity, and current momentum.  They rate TSCO Outperform and raised the price target from $83 to $85.

United States Steel Corp. (NYSE:X): Goldman says sell US Steel. Stalling steel prices and recent share price offer sell opportunity going into fourth quarter earnings.  The firm expects first quarter guidance to disappoint. Goldman says Sell.

Edison International (NYSE:EIX): Ticonderoga names Edison International a best idea for 2012. Ticonderoga said rate proceedings for Edison International’s California regulated utility should be resolved and sees value in its Edison Mission Group, an unregulated power generation unit.

EXFO Inc (NASDAQ:EXFO): Stifel Nicolaus lowers EXFO Inc. target. First quarter sales were lower than expected and Stifel Nicolaus says guidance is disappointing.  However, outside its region of Europe, the Middle East and Africa (EMEA) the company did well and the firm maintains a Buy.

K12, Inc. (NYSE:LRN): Barrington sees entry point for K12 on weakness.  The recent pullback on K12 seems related to a negative article published December 13th, but the New York times.  Barrington see this as a buy opportunity since company management says it has not seen any negative impact on core business. The firm reiterates an Outperform with a $30 target.

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