Jefferies Starts Lacrosse Footwear Inc. (BOOT) at Buy
Get Alerts BOOT Hot Sheet
Rating Summary:
17 Buy, 5 Hold, 0 Sell
Rating Trend: Down
Today's Overall Ratings:
Up: 12 | Down: 10 | New: 14
Join SI Premium – FREE
Jefferies initiates coverage on Lacrosse Footwear Inc. (NYSE: BOOT) with a Buy rating and a price target of $24.00.
Analyst Randal Konik comments, "As the largest, fastest-growing retailer dedicated to western / work wear in the US, BOOT operates in a niche market that we think presents a very compelling retail story today with virtually no direct competition, minimal fashion risk, ample room to more than double its store base and margin expansion opportunity through mix and economies of scale."
NOTE: Jefferies acted as a bookrunner on BOOT's October IPO.
For an analyst ratings summary and ratings history on Lacrosse Footwear Inc. click here. For more ratings news on Lacrosse Footwear Inc. click here.
Shares of Lacrosse Footwear Inc. closed at $20.00 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- BofA Securities Starts GE Vernova (GEV) at Neutral, 'Multiyear turnaround amid positive demand backdrop'
- HSBC Downgrades Anglo American Platinum Limited (AMS:SJ) (ANGPY) to Reduce
- Berenberg Starts Deutsche Bank ADRs (DB) at Hold, Maintains Hold on German Shares
Create E-mail Alert Related Categories
Analyst Comments, Hot New Coverage, New CoverageRelated Entities
Jefferies & Co, IPO, Randal KonikSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!