Piper Sandler raised the firm’s price target on Boot Barn (BOOT) to $229 from $220 and keeps an Overweight rating on the shares. The firm notes continues to demonstrate some of the strongest fundamentals in its coverage space resulting in EPS growth of over 20%. The company is showing an ability to lap tough compares without difficulty, and it has a variety of intriguing drivers for both sales and gross margin, Piper adds. Big picture, Boot appears well-positioned as its Country Lifestyle customer segment becomes more mainstream.
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