Evercore ISI raised the firm’s price target on Burlington Stores to $315 from $300 and keeps an Outperform rating on the shares. Following a Q2 beat “up and down the P&L” and the company raising its fiscal year guidance “the right way,” the firm argues that “the most important thing is that BURL continues to prove out that its ‘BURL 2.0’ strategy is working to drive accelerating inventory turns and closing the margin gap to its peers.”
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Read More on BURL:
- Burlington Stores raises FY25 adjusted EPS view to $7.66-$7.96 from $7.35-$7.75
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- BURL Upcoming Earnings Report: What to Expect?
- Burlington Stores price target raised to $300 from $270 at Telsey Advisory