Boot Barn Shares Climb After Jefferies Raises Rating to Buy
Boot Barn Holdings Inc (NYSE:BOOT) stock jumped 8% on Monday following Jefferies' upgrade from Hold to Buy and a price target of $195. The analyst pointed to a valuation compression from roughly 24x to 16x earnings while noting continued top-line resilience, new store growth and stable fundamentals. The upgrade arrives amid a decline in the stock d…