Barclays analyst Adrienne Yih lowered the firm’s price target on Burlington Stores to $211 from $213 and keeps an Overweight rating on the shares. The company reported Q2 results with inline sales and an earnings beat, and its Q3 guidance was above consensus, the analyst tells investors in a research note. However, the firm says Burlington’s sales remain challenged.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on BURL:
- Burlington Stores sees Q3 adjusted EPS 86c-$1.01, consensus 84c
- Burlington Stores lowers FY23 adj EPS view to $5.37-$5.67 from $5.50-$6.00
- Burlington Stores, Inc. Reports Second Quarter 2023 Earnings
- Burlington Stores reports Q2 adjusted EPS 60c, consensus 43c
- Notable companies reporting before tomorrow’s open