Burlington Stores price target lowered to $317 from $342 at Goldman Sachs

Goldman Sachs analyst Brooke Roach lowered the firm’s price target on Burlington Stores (BURL) to $317 from $342 and keeps a Buy rating on the shares. The firm reduced its outlook for the U.S. apparel and softlines sector to reflect a more cautious macro backdrop. Goldman’s economists reduced the firm’s U.S. GDP growth outlook to 0.5% in 2025 from 2.5% in 2024 on a Q4-to-Q4 basis and now see a 45% probability of recession, the analyst tells investors in a research note. While Goldman does not incorporate a full recessionary scenario into its estimates, it believes recent market volatility, rising geopolitical uncertainty, and higher tariff rates pose downside risk to earnings.