Boot Barn price target raised to $90 from $70 at Baird

Baird raised the firm’s price target on Boot Barn to $90 from $70 and keeps a Neutral rating on the shares. The firm raised their price target to reflect greater comfort in FQ4 comps estimates. Baird maintains a positive longer-term view of the company’s growth potential, though given needed further improvement in two-year comp trends along with some lingering questions in their view regarding macroeconomic conditions.