Baird analyst Mark Altschwager raised the firm’s price target on Burlington Stores to $270 from $240 and keeps an Outperform rating on the shares. The analyst noted Q4 results beat consensus and roughly in line with higher buyside expectations on accelerating comps. Guidance appears prudently conservative, but provides line of sight to positive sales/margin inflection.
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
