Jefferies lowered the firm’s price target on Burlington Stores (BURL) to $300 from $325 and keeps a Buy rating on the shares after the company reported Q1 top-line results that were in line with guidance and Street estimates, guided Q2 largely in line with expectations and reiterated the fiscal year outlook. The firm believes Burlington remains well-positioned to benefit in this macro environment due to its strong value offering, the analyst added.
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