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Stocks are little changed as investors evaluate rush of mixed earnings: Live updates

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Markets,Breaking News: Markets,Advanced Micro Devices Inc

Stocks were muted Wednesday as traders digested a deluge of earnings results and looked toward further reports from major technology companies.

It's time to opportunistically buy shares of Boot Barn , according to Baird Equity Research. The firm upgraded shares of the Western apparel retailer to an outperform rating from neutral. However, analyst Jonathan Komp maintained his $167 price target, which is approximately 29% higher than where shares closed on Tuesday. Boot Barn stock has soared approximately 69% this year.

mountain chart As a catalyst, Komp cited Boot Barn's 20% Tuesday decline, which he attributed partially towards the surprise news that CEO Jim Conroy plans to leave for Ross Stores in November. However, Komp believes that near-term disruption risk will be reduced by the executive teams' leadership experience and by interim CEO John Hazen, who could be a solid permanent candidate for the role.

 

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