Burlington Stores price target raised to $233 from $222 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Burlington Stores to $233 from $222 and keeps an Overweight rating on the shares as the firm says the company’s Q4 beat “capped off a strong” second half of the fiscal year. The firm sees potential for positive EPS revisions, but sees these as largely priced in given the stock’s premium valuation, arguing that “further equity appreciation is tethered to consistent execution.”