Seaport Research downgraded Boot Barn (BOOT) to Neutral from Buy without a price target ahead of the fiscal Q2 report on October 29. The firm expects the company to achieve the high end of its same-store-saes guidance and views the high end of its fiscal 2026 outlook as conservative. However, Seaport is not anticipating a big Q2 beat or a material guidance raise. The shares are pricing in high expectations for both, however, the analyst tells investors in a research note.
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