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Fly News Breaks for May 13, 2019
BOOT
May 13, 2019 | 05:04 EDT
Pivotal Research analyst Mitch Kummetz downgraded Boot Barn to Hold from Buy while raising his price target for the shares to $30 from $28. The analyst sees a less favorable risk/reward at current share levels heading into the company's results on May 16. He does not see enough room for upside to his estimates, mainly because he believes oil and gas employment is becoming a "diminishing tailwind."
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