Telsey Advisory raised the firm’s price target on Burlington Stores to $250 from $225 and keeps an Outperform rating on the shares. The company’s Q4 were “strong” and showed evidence of continued improvements in execution, the analyst tells investors. Burlington Stores’ FY24 outlook is slightly ahead of consensus and its five-year plan unveiled last quarter adds clarity to the model, showing its ability to drive topline growth, the firm adds.
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- Burlington Stores sees Q1 adjusted EPS 95c-$1.10, consensus $1.09
- Burlington Stores sees FY24 adjusted EPS $7.00-$7.60, consensus $7.08
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