Analyst action: Tractor Supply, America Service

Goldman Sachs analyst Matthew Fassler has lifted his price target for shares of Tractor Supply to $52 from $49. Fassler, who has been cautious for months about the run-up in the Brentwood-based retailer, has the stock at 'neutral.' Shares of Tractor Supply (Ticker: TSCO) are this morning changing hands at almost $54.50 and are up about 12 percent year to date.

Kevin Campbell at Avondale Partners has lowered his rating on shares of America Service Group to 'market perform' after last week's news that the prison health care provider is selling itself to a St. Louis-based peer. Campbell thinks it's unlikely the board of America Service (Ticker: ASGR) will find a better than the $26 Valitas Health Services has offered.

CMS and ASGR are the largest vendors in the space. Therefore, the amount of synergies from an offer of another provider should not be as significant. We do not believe vendors involved inother areas of private corrections (i.e., Corrections Corp. of America (CXW) or The GEO Group, Inc. (GEO)) would be interested in acquiring ASGR.

Mar 9, 2011 11:11 AM

LifePoint execs sell $3M in stock

Three executives at LifePoint Hospitals have in the past week lightened their holdings in the Brentwood-based company. Most active was Scott Raplee, president of operations, who exercised almost 100,000 options before selling the resulting shares as well as some 36,000 more. The transactions netted Raplee, 44, more than $2.4 million. Also selling into the market were Chief Legal Officer Paul Gilbert and Chief Accounting Officer Michael Coggin. Their moves generated profits of about $500,000 and $120,000, respectively. Shares of LifePoint (Ticker: LPNT) are up about 7 percent this year and are at their highest level since the spring of 2007.

Mar 9, 2011 10:23 AM

HearingPlanet adds on at Highwoods complex

Hearing-aid provider increases space by more than 50% in Brentwood
Mar 8, 2011 12:15 PM

Tractor Supply looks to add director

The directors of Tractor Supply want to make their club of eight one bigger by adding Peter Bewley, a former senior executive at Clorox and Novacare. Shareholders will get to vote on the 64-year-old Bewley at the end of April.

Mar 8, 2011 7:29 AM

Advocat profits jump

Stock up 15% after hours on Q4 numbers
Mar 8, 2011 7:21 AM

Franklin wants a money manager

The pension fund for Franklin government workers is on the hunt for a large-cap equity manager to handle $10 million. Check out the details here.

HT: Pensions & Investments

Mar 7, 2011 7:08 AM

PureSafety continues growth push

Franklin tech firm to grow Cool Springs workforce by 15% before July
Mar 4, 2011 11:10 AM

America Service selling to St. Louis rival

Deal gives investors 49% premium; Halworth to lead corporate HQ in Brentwood
Mar 3, 2011 8:18 AM

Patent Patrol: 2 March 2011

In this week's batch of IP awarded to Tennessee residents and companies: A rebate program, a prescription data manager, a surgical instrument disabler, and more...
Mar 2, 2011 1:18 PM

Brentwood publisher bought by U.K. firm

Gardening-focused firm issued first book in '96
Mar 2, 2011 8:02 AM