Boot Barn price target raised to $110 from $94 at Piper Sandler

Piper Sandler raised the firm’s price target on Boot Barn (BOOT) to $110 from $94 and keeps an Overweight rating on the shares. The firm’s 47th semi-annual Taking Stock With Teens Survey shows strong brand results for Carhartt and — to a lesser extent — Ariat – two key brands for Boot Barns and Tractor Supply (TSCO). Carhartt now ranks as the number 3 most favored clothing brand amongst teen males. Ariat has also risen in popularity and now ranks as the number 29 most favored clothing brand.