Burlington Stores price target lowered to $300 from $325 at Wells Fargo

Wells Fargo analyst Ike Boruchow lowered the firm’s price target on Burlington Stores (BURL) to $300 from $325 and keeps an Overweight rating on the shares. The firm adjusted ratings in retail cut 2026 earnings estimates well below the Street to reflect current tariff headwinds and assumptions for a mild recession. Both headwinds will begin impacting numbers in the second half of 2025, the analyst tells investors in a research note.