Jefferies Starts Lacrosse Footwear Inc. (BOOT) at Buy

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.

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