Burlington Stores price target raised to $182 from $167 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Burlington Stores to $182 from $167 and keeps an Overweight rating on the shares. Burlington’s “beat & mostly reiterated” fiscal year guidance surprised to the upside against fears of “a miss & cut,” says the analyst, who sees potential for positive EPS revisions on the back of the Q3 report given what the firm calls “the low Q4 bar.”