BofA raised the firm’s price target on Burlington Stores to $250 from $245 and keeps a Buy rating on the shares. The firm, which thinks Burlington has “outsized” sales and margin recovery opportunities, models FY24 comp growth of 2%, at the high end of guidance, and models non-comp growth of 6% as Burlington opens 100 net new stores.
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- Burlington Stores sees Q1 adjusted EPS 95c-$1.10, consensus $1.09
- Burlington Stores sees FY24 adjusted EPS $7.00-$7.60, consensus $7.08
- Burlington Stores, Inc. Reports Fourth Quarter and Full Year 2023 Results
- Burlington Stores reports Q4 adjusted EPS $3.69, consensus $3.30
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