BWG Global downgraded its view of Burlington Stores (BURL) to Mixed from Positive, citing checks that show cautious ordering by the off-price retailers, especially Burlington, has slowed new commitments and exposed inventory risk.
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Read More on BURL:
- Burlington Stores price target lowered to $300 from $325 at Wells Fargo
- Burlington Stores price target lowered to $317 from $342 at Goldman Sachs
- Burlington Stores price target lowered to $287 from $336 at JPMorgan
- Mixed options sentiment in Burlington Stores with shares down -$2.37, or
- Burlington Stores: Strong Market Position and Growth Potential Amid Strategic Enhancements