DA Davidson analyst Linda Bolton Weiser is keeping her Buy rating and $209 price target on WD-40 ahead of its Q4 earnings release this week. The analyst notes that while she is keeping her below-guidance revenue forecast based on the continued weakness in the British Pound, she expects the company's petroleum-based input cost comparison to improve for the third straight quarter, yielding the highest gross margin rate since Q1 of 2017. Weiser adds that the consensus for WD-40 earnings in FY20 looks "reasonable" based on the "favorable commodity cost comp" and the expected product innovation expected in the second half of FY20.