Boot Barn price target raised to $165 from $150 at BTIG

BTIG raised the firm’s price target on Boot Barn to $165 from $150 and keeps a Buy rating on the shares. The company’s comps update saw further acceleration, continuing a trend of progressive improvement that started toward the end of Q4, the analyst tells investors in a research note. Quarter-to-date, the company is now comping positive across all channels, all geographies, and in every major merch classification, the firm added.