Baird raised the firm’s price target on Boot Barn to $167 from $140 and keeps a Neutral rating on the shares. The firm said key indicators suggest its positive performance likely continued following BOOT’s FQ2-to-date update. Accordingly, they raised FQ2 comps and EPS while also flowing through some additional upside for 2H given signs of sustained momentum along with easier upcoming one-year comparisons.
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 $173 from $157 at Williams Trading
- Oracle reports Q1 beat, EU says Apple must pay: Morning Buzz
- Boot Barn rises 11.9%
- Boot Barn rises 11.6%
- Boot Barn price target raised to $165 from $150 at BTIG