Bernstein analyst Aneesha Sherman lowered the firm’s price target on Burlington Stores (BURL) to $365 from $380 and keeps an Outperform rating on the shares. The firm notes Burlington continues on its multi-year turnaround journey, set to deliver about 25% EPS growth through 2028, despite some ST demand pressure from a weaker low-income consumer. Bernstein would be buying the ST dip for an entry point into a compelling MT investment case.
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