TD Cowen raised the firm’s price target on Boot Barn to $120 from $115 and keeps a Buy rating on the shares. The firm said they remain constructive on the shares as they see upside to the Street’s FY25 comps outlook, think valuation remains reasonable for a high-quality EPS compounder, and would use any potential pull-back on earnings as a unique oppty to add.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BOOT:
- Boot Barn price target raised to $110 from $94 at Piper Sandler
- DocuSign upgraded, Arista downgraded: Wall Street’s top analyst calls
- Williams upgrades Boot Barn on sales boost from Beyonce album
- Boot Barn upgraded to Buy from Hold at Williams Trading
- Boot Barn price target raised to $90 from $70 at Baird