As previously reported, Loop Capital analyst Laura Champine upgraded Burlington Stores to Buy from Hold with a price target of $225, up from $220. The company’s value proposition for its lower-income consumers is "obviously improved", while its new signage is calling out opening price points across categories, the analyst tells investors in a research note. Better execution by Burlington Stores over the holiday period was "not a fluke" given the evidence of continued better sell-through as clearance racks remain "appropriately lean", Loop Capital added.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on BURL:
- Burlington Stores upgraded to Buy from Hold at Loop Capital
- Burlington Stores price target raised to $245 from $240 at JPMorgan
- Burlington Stores downgraded to Sell at UBS on softlines bearishness
- Burlington Stores downgraded to Sell from Neutral at UBS
- Burlington Stores price target raised to $235 from $214 at Deutsche Bank