Piper Jaffray Starts Lacrosse Footwear Inc. (BOOT) at Overweight

Piper Jaffray initiates coverage on Lacrosse Footwear Inc. (NYSE: BOOT) with a Overweight rating and a price target of $23.00.

Analyst Peter Keith commented, "As a category dominant retailer targeting the highly fragmented (and growing) western and work wear industries, BOOT has a unique opportunity in retail to take substantial market share and to more than double its store base. With annual store growth of 10%, comp growth of 3%-4%, and modest EBIT margin expansion, we believe the company can drive long-term EPS growth of 20%+."

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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