The Ratings Game: Boot Barn sales could decline if the oil price war heats up, analysts say

The Ratings Game: Boot Barn sales could decline if the oil price war heats up, analysts say

Boot Barn sales could decline if the oil price war heats up, analysts say. If the oil price war heats up, Boot Barn Holdings Inc. could feel the consequences.. Analysts at both JPMorgan and Baird say there are macroeconomic headwinds from the oil and gas sector that could hurt the cowboy boot retailer.. JPMorgan has downgraded Boot Barn to neutral from overweight as a result.. "Boot Barn has significant oil/gas region exposure (~35% of store base) and is susceptible to macro volatility," analysts say.. Boot Barn stock has fallen 57.4% for the year to date while crude oil is down 48% for the period.. Also: the oil stocks are taking the worst beatings after Saudi Arabia shocks the energy market.