Oppenheimer analyst Brian Nagel raised his price target for Tractor Supply to $88 from $80 ahead of results. The analyst is optimistic that more normal weather and a stabilization in prices for oil and farm-related commodities likely helped to spur a modest improvement in Q4 sales. Further, Nagel says that his ongoing client conversations imply that investors are poised to re-embrace Tractor Supply's longer term story upon confirmation that recent sales disruptions were indeed transitory. He reiterates an Outperform rating on the shares.

Notable companies reporting before tomorrow's open, with earnings consensus, include Merck (MRK), consensus $1.87... Caterpillar (CAT), consensus $5.14... Comcast (CMSCA), consensus 99c... Honeywell (HON), consensus $2.17... Bristol-Myers (BMY), consensus ($4.44)... Altria (MO), consensus $1.15... Keurig Dr. Pepper (KDP), consensus 35c... GE Vernova (GEV), consensus (37c)... Royal Caribbean (RCL), consensus $1.33... Tractor Supply (TSCO), consensus $1.72... Mobileye (MBLY), consensus (6c)... Textron (TXT), consensus $1.23... LabCorp (LH), consensus $3.48... Southwest Airlines (LUV), consensus (34c)... American Airlines (AAL), consensus (29c)... Harley-Davidson (HOG), consensus $1.51.