Citi ups Boot Barn target, expects positive preannouncement

Citi analyst Steven Zaccone raised the firm’s price target on Boot Barn to $95 from $93 and keeps a Buy rating on the shares. The analyst expects a positive fiscal Q3 preannouncement from Boot Barn ahead of its ICR appearance. He sees same-store-sales upside led by strong store performance, broad-based category demand, a strong final week before Christmas, and slightly more elevated promotional messaging than last year.