KeyBanc raised the firm’s price target on Boot Barn (BOOT) to $195 from $180 and keeps an Overweight rating on the shares. The firm enters Q2 earnings season with a constructive view on results across its Softlines & Internet Retail coverage, supported by several encouraging data points taken from its recent survey work, search trends, and channel checks. In its view, the combination of rebounding traffic, healthy survey data, and early seasonal demand positions our coverage well for Q2 results, but KeyBanc remains selective given rising cost headwinds, macro uncertainty, and overall risk associated with the second half of the year outlooks.
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