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.
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Published first on TheFly
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- Burlington Stores upgraded to Buy from Hold at Loop Capital
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