Boot Barn price target lowered to $160 from $162 at Craig-Hallum

Craig-Hallum lowered the firm’s price target on Boot Barn (BOOT) to $160 from $162 and keeps a Hold rating on the shares. The firm notes Boot Barn reported impressive Q2 results with same-store sales accelerating to mid-single digits and FY25 guidance raised by more than the Q2 beat. However, the most important news of the release was that CEO, Jim Conroy, would be departing the company in November to take the same position at Ross Stores (ROST).