Boot Barn price target raised to $192 from $187 at BofA

BofA raised the firm’s price target on Boot Barn (BOOT) to $192 from $187 and keeps a Buy rating on the shares, telling investors that the firm was “encouraged” by the company’s positive earnings pre-announcement at the ICR Conference. Following the update, the firm is increasing its FY24 EPS view by 20c to $5.73 to reflect stronger sales and slightly better margins and increasing its price target to reflect the higher estimates.