Morgan Stanley lowered the firm’s price target on Burlington Stores (BURL) to $310 from $330 and keeps an Overweight rating on the shares. A Q3 EPS beat was “overshadowed” by comp underperformance and “typically-conservative” initial FY26 guidance, the analyst tells investors. While recent comp trends have seemingly dampened market conviction, the firm thinks the stock reaction is “overdone” and says it continues to see a path to share gains and positive mid-term EPS revisions “off a lower Street bar.”
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