Boot Barn reinstated with a Buy at BofA

BofA reinstated coverage of Boot Barn (BOOT) with a Buy rating and $187 price target Boot Barn is the largest retailer in the western boot/apparel industry and the firm expects its scale and a robust store opening strategy will allow for further share gains, adding that it thinks the company will remain a secular beneficiary within the western category and believes concerns on a shift away from the category in the near term are “overblown.”