Boot Barn (BOOT) PT Raised to $140 at Cowen

Cowen analyst Max Rakhlenko raised the price target on Boot Barn (NYSE: BOOT) to $140.00 (from $125.00) while maintaining an Outperform rating.

The analyst commented, "We are incrementally upbeat on BOOT's near- and longer-term opportunity set driven by massive new shopper growth and oppty. to take further share, faster store growth with bigger white space, structural comps tailwinds, and ability to maintain elevated margins. Raise 3Q revs & EPS on a more bullish outlook for holiday, but supply chain disruptions are a modest risk. Reit. Outperform & PT To $140."

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