20.8 C
London
Saturday, August 13, 2022
HomeBusinessCitigroup has quite an unusual trade to play the surge in oil...

Citigroup has quite an unusual trade to play the surge in oil prices: Boot Barn

Date:

Related stories

A Beginner’s Guide to Email Automation

Email automation is a great way to save time...

Switch from gas boosts oil demand, but economic headwinds loom — IEA

Speaking to CNBC on Monday, the executive director...

Some Journeys Can Be Only Travelled Alone!

Maybe you and your friends are unable to conclude...

The Impact of Unhealthy Business Practices in the NFL

The NFL has been in the news recently for...


Jim Conroy, CEO of Boot Barn

Adam Jeffery | CNBC

Boot Barn is a red hot reopening stock with further upside thanks to the recent rise in oil prices, according to Citi.

The stock has been on a tear to start the year, gaining more than 73% in 2021 and 16% over the past three months.

Even with that performance, Citi analyst Steven Zaccone upgraded the seller of Western wear to buy from neutral, saying that the economic recovery, particularly in regions where energy is a major driver, will boost Boot Barn’s financial performance.



Source link

Latest stories