KeyBanc upgraded Boot Barn (BOOT) to Overweight from Sector Weight with a $190 price target The firm cites the company’s “encouraging” fiscal Q3 preannouncement and recent track record of execution for the upgrade. Boot continues to see success across both instore and digital, with new stores tracking at roughly $3M and digital penetration to increase as a portion of the two moving forward, the analyst tells investors in a research note. KeyBanc sees upside in opportunities surrounding owned brands, store growth, digital, and further margin expansion, which it believes underpin the company’s growth potential over the coming quarters.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BOOT: