Piper Jaffray analyst Peter Keith raised his price target for Wayfair to $112 and reiterates an Overweight rating on the name heading into the Q4 results on February 22. The stock reaction to the results is difficult to predict as buy-side expectations seem well above sell-side estimates, Keith tells investors in a pre-earnings research note. He believes, however, that Wayfair's set-up for 2018 and beyond remains "highly favorable." The company appears to be entering the new year with "healthy" sales momentum and its logistics investments should be less of a drag on EBITDA, the analyst contends. He also thinks Wayfair's newer initiatives "should keep sales strong." The analyst keeps an Overweight rating on the shares.