Burlington Stores price target raised to $270 from $250 at Telsey Advisory

Telsey Advisory analyst Dana Telsey raised the firm’s price target on Burlington Stores to $270 from $250 and keeps an Outperform rating on the shares. The company’s Q1 results showed evidence of solid execution, which drove continued improvement in a sound off-price category, the analyst tells investors. Further, company was able to drive better sales and tightly manage expenses amid a challenging macro environment, the firm adds.