Friday, July 19, 2024
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

Adam Lindemann’s Venus Over Manhattan Wraps Up Latest Show-Stopping Exhibits

Founded by Adam Lindemann in 2012, Venus Over Manhattan...

100+ Smooth Pick-Up Rizz Lines For You To Rizz Up A Girl

Have you ever tried approaching someone? but failed...

Utanmaz Türkler: Exploring Cultural Nuances and Societal Impacts

Introduction "Utanmaz Türkler" translates to "Shameless Turks" in English. This...

Why Trusts Are Key to Wealth Preservation

When it comes to preserving wealth across generations, few...

[ad_1]

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.

[ad_2]

Source link

See also  Digitalization of Railways is Helping Drive Trains with Zero Interruption
Bellie Brown
Bellie Brownhttps://businesstimes.org
Hi my lovely readers, I am Bellie brown editor and writer of Businesstimes.org. I write blogs on various niches such as business, technology, lifestyle., health, entertainment, etc as well as manage the daily reports of the website. I am very addicted to my work which makes me keen on reading and writing on the very latest and trending topics. One can check my more writings by visiting Cleartips.net

Latest stories