BTIG raised the firm’s price target on Boot Barn (BOOT) to $200 from $190 and keeps a Buy rating on the shares. The company’s Q3 results were in line with a pre-announcement, while the outlook for Q4 shows that Boot Barn is off to a good start, the analyst tells investors in a research note. The stock’s valuation is ahead of historical averages, but its multiple is reasonable given the scarcity of retailers capable of driving mid-teens unit growth combined with sustainable positive comps, the firm added.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BOOT:
- Boot Barn price target raised to $190 from $180 at Baird
- Boot Barn price target raised to $209 from $200 at JPMorgan
- Boot Barn price target raised to $181 from $179 at Piper Sandler
- Boot Barn Holdings Reports Strong Q3 Financial Results
- Closing Bell Movers: Atlassian up 19%, Apple gains 3% after results
Questions or Comments about the article? Write to editor@tipranks.com