BTIG analyst Janine Stichter raised the firm’s price target on Boot Barn (BOOT) to $218 from $200 and keeps a Buy rating on the shares after its Q1 earnings beat. The company continues to buck the trend, and while the management is rightfully baking prudence into its second half outlook, there are many levers to sustain comp momentum, given broad-based category strength, accelerating momentum in denim, and signs of the work business re-inflecting, the analyst tells investors in a research note.
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