Morgan Stanley raised the firm’s price target on Burlington Stores to $233 from $219 and keeps an Overweight rating on the shares following the company’s Q4 EPS beat. While acknowledging EPS guidance implies Street numbers come down about 13%, the firm sees room for near-term upside on multiple tailwinds and long-term upside on "r Burlington 2.0" execution.
Published first on TheFly
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- Burlington Stores, Inc. Reports Fourth Quarter 2022 Results
- Burlington Stores sees Q1 adjusted EPS 85c-95c, consensus 82c
- Burlington Stores sees FY23 adjusted EPS $5.50-$6.00, consensus $6.65
- Burlington Stores reports Q4 adjusted EPS $2.96, consensus $2.73
- Notable companies reporting before tomorrow’s open
