Boot Barn price target raised to $185 from $165 at BTIG

BTIG raised the firm’s price target on Boot Barn (BOOT) to $185 from $165 and keeps a Buy rating on the shares. The company reported a “strong” Q2 that was relatively in-line with expectations after providing a positive quarter-to-date update in early September, and most importantly, all categories are now trending positively, including the previously lagging ladies western apparel and boots and work apparel, the analyst tells investors in a research note. Boot Barn’s e-commerce sales have now been positive for seven consecutive months, reversing the longstanding negative trend and showing accelerating momentum in Q2, the firm added.