Boot Barn price target raised to $127 from $125 at UBS

UBS raised the firm’s price target on Boot Barn to $127 from $125 and keeps a Neutral rating on the shares. The firm expects Boot Barn to add 265 stores over the next five years, driving a 16% five-year EPS compound annual growth rate, the analyst tells investors in a research note. UBS sees limited upside to the Street’s FY25 EPS estimate because of the view that the U.S. consumer spending environment likely deteriorates from here.