Boot Barn (BOOT) PT Raised to $195 at Jefferies

Jefferies analyst Corey Tarlowe raised the price target on Boot Barn (NYSE: BOOT) to $195.00 (from $180.00) while maintaining a Hold rating.

The analyst comments "BOOT delivered a strong 3Q with healthy demand across categories, solid merch margin expansion, and results that exceeded prior guidance on sales, SSS, operating income, and EPS. Store growth remains robust with 25 stores opening in the quarter. Following this announcement, we are raising our 3Q and out-year estimates to reflect BOOT’s sustained momentum and improved profitability trajectory. PT to $195."

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