Burlington Stores price target raised to $265 from $222 at JPMorgan

JPMorgan analyst Matthew Boss raised the firm’s price target on Burlington Stores to $265 from $222 and keeps an Overweight rating on the shares. The analyst’s fieldwork shows off-price trends were on or ahead of plan in Q4 with accelerating cadence to close the quarter. The firm sees a near- and multi-year opportunity to own stocks in the space.