Jefferies raised the firm’s price target on Burlington Stores (BURL) to $350 from $300 and keeps a Buy rating on the shares. The company delivered a “strong” Q2 beat, with +5% comps and 10% revenue growth, driven by Burlington 2.0 initiatives across merchandising, stores, and new units, the analyst tells investors in a research note. The firm continues to see a long runway for comp acceleration and margin expansion, supported by strong execution, flexible inventory, and strategic investments.
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