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.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
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 $310 from $330 at Morgan Stanley
- Burlington Stores price target lowered to $331 from $338 at Goldman Sachs
- Burlington Stores price target lowered to $316 from $346 at JPMorgan
- Burlington Stores: Strategic Moves and Long-Term Growth Prospects Amid Short-Term Challenges
- Burlington Stores price target lowered to $331 from $336 at Barclays