Boot Barn price target raised to $86 from $75 at Baird

Baird analyst Jonathan Komp raised the firm’s price target on Boot Barn to $86 from $75 and keeps an Outperform rating on the shares. The analyst said results contained few surprises relative to the company’s pre-announcement, with updates on early Q4 sales trends and raised unit guidance incremental positive developments offsetting the slight disappointment from a lowered gross margin outlook.