Barclays lowered the firm’s price target on Burlington Stores (BURL) to $254 from $329 and keeps an Overweight rating on the shares. The firm’s Q1 promotion tracker for retailers shows sector-wide “flat” promos year-over-year. However, earnings risk in the second of the year is building as inventory dollars are growing, demand risk is rising, and price increases and margin pressure begin in June and July, the analyst tells investors in a research note.
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- Burlington Stores price target lowered to $269 from $297 at Morgan Stanley
- Burlington Stores downgraded to Mixed from Positive view at BWG Global
- Burlington Stores price target lowered to $300 from $325 at Wells Fargo
- Burlington Stores price target lowered to $317 from $342 at Goldman Sachs
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