Boot Barn (BOOT) PT Raised to $97 at Cowen

Cowen analyst Max Rakhlenko raised the price target on Boot Barn (NYSE: BOOT) to $97.00 (from $90.00) while maintaining an Outperform rating ahead of EPS.

The analyst commented, "Raise 1Q22E EPS to $1.00, +14% above Street on stronger comps & margins, & raise 2QE EPS to $0.55 as we expect impressive results & momentum to persist. Shares +21% since reporting 4Q & buy side expectations are elevated into the print, but we remain confident BOOT will clear expectations and point to strong QTD trends. PT to $97 on greater conviction in LT share growth oppy & upside to EPS algo.

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