Telsey Advisory lowered the firm’s price target on Burlington Stores (BURL) to $300 from $340 and keeps an Outperform rating on the shares. The company reported a solid start to FY25, with revenue reaching the mid-point of the guidance range, the analyst tells investors. The firm continues to see the company as a beneficiary in the current climate due to the strength of its off-price model and ability to react to changing trends.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BURL:
- Burlington Stores price target lowered to $267 from $269 at Morgan Stanley
- Burlington Stores price target lowered to $301 from $335 at TD Cowen
- Burlington Stores price target lowered to $305 from $315 at Loop Capital
- Burlington Stores: A Promising Medium-Term Investment with 25% EPS Growth Potential Through 2028
- Burlington Stores: A Resilient Growth Opportunity Amidst Retail Challenges