Piper Jaffray analyst Peter Keith reiterates his bullish view on Tractor Supply shares ahead of the company's analyst day on Wednesday, May 15. The analyst views the company's setup as "highly favorable" into its Q2 and Q3 results. While Tractor Supply may have initially lagged on its e-commerce investments, the company has very quickly caught up under its ONETractor initiatives and now has a "best-in-class Omni-channel offering and supply chain," Keith tells investors in a research note. He keeps an Overweight rating on Tractor Supply shares with a $114 price target.

Piper Sandler raised the firm's price target on Boot Barn (BOOT) to $110 from $94 and keeps an Overweight rating on the shares. The firm's 47th semi-annual Taking Stock With Teens Survey shows strong brand results for Carhartt and -- to a lesser extent -- Ariat - two key brands for Boot Barns and Tractor Supply (TSCO). Carhartt now ranks as the number 3 most favored clothing brand amongst teen males. Ariat has also risen in popularity and now ranks as the number 29 most favored clothing brand.