Boot Barn initiated with a Buy, $85 price target at BofA

As previously reported, BofA analyst Jason Haas initiated coverage of Boot Barn with a Buy rating and $85 price target. He views Boot Barn as a "best-in-class" western footwear and apparel retailer and has "a high degree of confidence" in the company’s long-term store growth potential, Haas tells investors. The company’s long-term domestic store target of 900 stores looks "achievable" and he sees room for Boot Barn to take share, Haas added.