Burlington Stores price target raised to $280 from $270 at UBS

UBS raised the firm’s price target on Burlington Stores (BURL) to $280 from $270 and keeps a Neutral rating on the shares. The set-up heading into Burlington’s Q3 print is favorable as near-term expectations are low and the firm’s conversations with investors suggest many view Burlington as a top idea for 2025 and UBS thinks this would cause investors to buy on weakness if either the Q3 results or Q4 guidance disappoints, limiting downside over the event, the analyst says. UBS believes Burlington will report a small beat and raise, which should be enough to drive some “fear of missing out” buying.