Burlington Stores price target lowered to $315 from $345 at Loop Capital

Loop Capital lowered the firm’s price target on Burlington Stores (BURL) to $315 from $345. After a round of store checks, the firm is cutting its sales and EPS estimates below consensus for Q4 and the first half lf FY25, adding that it is also “more conservative” on gross margins, the analyst tells investors in a research note.