After visiting the company's new Chicago store, Piper Jaffray analyst Peter Keith reiterates an Overweight rating on Yeti Holdings with a $41 price target. The analyst says he's "pleased" to see how integrated the Yeti brand could be in an urban environment. Yeti could have numerous metropolitan stores across the country in the years to come, Keith tells investors in a research note. Further, the elimination of List 4B tariffs could provide an additional 100-120 basis points of gross margin opportunity in 2020, which equates to 9c-10c of earrings per share, adds the analyst, who notes this is currently not factored into his model. He believes the Yeti's 2020 setup is "looking strong" without the List 4B tariffs.