| 2016-11-30 08:18:36|
BOOT 08:18 11/30 11/30/16
Boot Barn downgraded to Neutral at Baird
As reported previously, Baird analyst Jonathan Komp downgraded Boot Barn to Neutral from Outperform. The analyst cited its recent 50% rally driven by optimism about its fundamental recovery as well as recent fund flows in favor of domestic small-cap stocks that stand to benefit from potential tax cuts and spending. Komp, however, sees limited upside potential to both estimates and valuation. Komp raised his price target to $17 from $14 on Boot Barn shares.