Citi analyst Paul Lejuez lowered the firm’s price target on Burlington Stores (BURL) to $340 from $344 and keeps a Buy rating on the shares. The company’s strong sales results stood out in Q4 and above plan EBIT margin demonstrated improved execution, the analyst tells investors in a research note. The firm says that while Burlington’s trends have started slow again in February, this is true across retail, and at least in part due to weather.
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