Telsey Advisory raised the firm’s price target on Burlington Stores (BURL) to $365 from $350 and keeps an Outperform rating on the shares. The company reported a strong Q4, with revenue growth and gross margin expansion stronger than consensus, the analyst tells investors. The firm expects Burlington Stores will continue to be a beneficiary in the current climate, given the strength of its off-price model, ability to react to changing trends, and continued expansion of its store fleet.
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