Burlington Stores downgraded to Hold at Gordon Haskett amid low-end pressures

As previously reported, Gordon Haskett downgraded Burlington Stores to Hold from Buy with a $137 price target. While the off-price retail space has been a “bright spot over the past couple of quarters,” Burlington’s performance has lagged its peer group, the analyst tells investors. The firm thinks some risk exists to the company’s Q4 same-store sales growth view and believes that low-end pressures will remain more acute in the coming months, the analyst added.