Boot Barn price target raised to $179 from $147 at Piper Sandler

Piper Sandler analyst Peter Keith raised the firm’s price target on Boot Barn to $179 from $147 and keeps an Overweight rating on the shares. The firm says supplier discussions suggest Boot Barn is outperforming and taking share. Piper also notes that its Q3 Farm & Ranch Retailer survey shows another sluggish quarter for the channel with a mean comp of -4.7%. However, U.S.-only comp of -3% showed slight improvement from Q2 at -4%.