Telsey Advisory raised the firm’s price target on Burlington Stores (BURL) to $350 from $300 and keeps an Outperform rating on the shares. The company reported strong Q2 results, with revenue growth and gross margin expansion outperforming expectations, the analyst tells investors. The firm continues to see the company as a beneficiary in the current climate due to the strength of its off-price model and ability to react to external pressures.
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