TD Cowen lowered the firm’s price target on Burlington Stores (BURL) to $315 from $330 and keeps a Buy rating on the shares. The firm noted the company will face tougher comps in December and management’s initial look on FY26 suggests flat EBIT margin planned for 0% to 2% comps and brings our estimates lower with investments in unit growth, SG&A, higher Depreciation above the EBIT line and higher y/y Interest expense.
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