Loop Capital raised the firm’s price target on Burlington Stores to $345 from $270 and keeps a Buy rating on the shares. The analyst cites the company’s better than expected Q2 results with a 60bps outperformance in gross margins and the management’s “conservative” guidance raise. The firm is also positive on Burlington Stores accelerating market share gains due to department store closures and their decreasing relevancy.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BURL:
- Burlington Stores raises FY25 adjusted EPS view to $7.66-$7.96 from $7.35-$7.75
- Burlington Stores reports Q2 EPS $1.24, consensus 95c
- Notable companies reporting before tomorrow’s open
- BURL Upcoming Earnings Report: What to Expect?
- Burlington Stores price target raised to $300 from $270 at Telsey Advisory