Citi analyst Steven Zaccone raised the firm’s price target on Boot Barn to $154 from $122 and keeps a Buy rating on the shares. The analyst also opened a “30-day positive catalyst watch” on the shares. The firm models the company’s fiscal Q1 earnings above the Street and guidance, noting the Boot’s intra-quarter filing in early June indicated a same-store-sales beat. Looking forward, its estimates in Q2 are above the Street to reflect sales momentum and easing comparisons.
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