Boot Barn: Jefferies Upgrade and Expansion Plan Ignite Price Momentum
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The investment bank Jefferies upgrades the stock to "Buy" (price target 195 USD), which triggered a double-digit price increase under massive trading volume. With a new long-term goal of 1,200 branches and a strong focus on exclusive private labels, the company is solidifying its dominance in the Western segment. A significant EPS beat in the third quarter demonstrates operational resilience and leads to an upward revision of the annual forecasts by management. Boot Barn Holdings has established itself as the undisputed market leader...
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