Burlington Stores price target raised to $330 from $300 at Wells Fargo

Wells Fargo analyst Ike Boruchow raised the firm’s price target on Burlington Stores (BURL) to $330 from $300 and keeps an Overweight rating on the shares. The company “hurdled” a “high bar,” with its Q2 comp performance a standout, as its ability to largely mitigate tariffs reinforces the Bull Case on the name, the analyst tells investors in a research note. The firm added that the multiple can re-rate and that confidence is high that momentum has built, as the model should perform in a volatile second half macro regardless of direction.