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Fly News Breaks for November 22, 2019
BOOT
Nov 22, 2019 | 09:34 EDT
DA Davidson analyst John Morris raised his price target on Boot Barn to $46 and kept his Buy rating after hosting a non-deal roadshow meeting with its CEO Jim Conroy. The analyst says the discussions have made him more optimistic about the opportunity for the company's back-half of 2019, with business trends "ramping up" into the holiday season. Going into Q3, Morris believes Boot Barn will see "increased store traffic and higher AUR" from the impact of the management's key initiatives.
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