Wedbush analyst Seth Basham lowered his price target for Tractor Supply to $105 from $115 due to rising headwinds that will be tough to overcome. In Q3, the company is lapping its toughest two-year stacked comp comparison of the year that was partly fueled by favorable weather patterns over the past two years but did not repeat this year, he contends. In addition, the analyst's updated analysis points to a modest incremental headwind from farm income pressures and Chinese tariffs. Basham 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.