TD Cowen raised the firm’s price target on Boot Barn (BOOT) to $195 from $185 and keeps a Buy rating on the shares. The firm expects strong 1Q results and sees upside to Street’s 2Q estimates as momentum continues; and they raised 1Q and 2Q estimates but maintain a more conservative 2H outlook on lower visibility and more challenging compares.
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Read More on BOOT:
- Boot Barn’s Strong Growth Trajectory and Strategic Expansion Plans
- Boot Barn’s Strong Performance and Strategic Positioning Justify Buy Rating with Increased Price Target
- Boot Barn downgraded to Hold from Buy at Jefferies
- Boot Barn price target raised to $195 from $180 at KeyBanc
- Positive Outlook for Boot Barn: Buy Rating Backed by Strong Growth Strategy and Attractive Valuation