Burlington Stores upgraded to Hold from Sell at Loop Capital

Loop Capital analyst Laura Champine upgraded Burlington Stores to Hold from Sell with a price target of $200, up from $105. The analyst says that her store checks for the company are "the best in well over a year", and her outlook for Burlington sales and earnings are now in line with consensus estimates. While inflation is tough for the company’s customers, she is seeing improved values and brands in stores, Champine tells investors in a research note, adding that the Burlington has improved its execution in time for the holidays, producing "better sell-through".