7/102 sources · 2 publishersUpdated Oct 23, 16:57 UTC
Analysts cut Boot Barn price targets while retaining Buy ratings
TD Cowen and UBS lowered their price targets for Boot Barn while keeping Buy ratings. TD Cowen cut its target from $190 to $160, and UBS reduced its target from $272 to $232. Boot Barn shares fell 5.0% to $113.77, with trading volume of 136,610 shares.
Why it matters
The target reductions lower the valuation benchmarks investors use for Boot Barn, while the retained Buy ratings indicate both firms still express a positive long-term view. The stock move shows the immediate market reaction to the revised outlooks.
Key facts
- 1TD Cowen maintained a Buy rating and set a $160 price target for Boot Barn. tradingview.com
- 2TD Cowen cut its price target from $190 to $160, while UBS lowered its target from $272 to $232; both firms retained Buy ratings. news.alphastreet.com
- 3Boot Barn shares fell 5.0% to $113.77. news.alphastreet.com
- 4Trading volume reached 136,610 shares. news.alphastreet.com
- 5The average price-target reduction across TD Cowen and UBS was 15.2%, bringing the average new target to $196. news.alphastreet.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.