Boot Barn (BOOT) PT Raised to $68 at Cowen

February 10, 2021 6:29 AM EST
Get Alerts BOOT Hot Sheet
Price: $64.71 -4.39%

Rating Summary:
    9 Buy, 7 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 6 | Down: 16 | New: 67
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Cowen analyst Max Rakhlenko raised the price target on Boot Barn (NYSE: BOOT) to $68.00 (from $65.00) while maintaining an Outperform rating.

The analyst commented, "We are incrementally upbeat on BOOT's near & long-term outlook as execution across stores, product, and margins enhances its moat, and builds a more resistant business. Despite the strong stock run, we see ongoing upside on positive earnings revisions as Street appear conservative, along with multiple expansion as category leadership deserves a premium valuation."

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