Burlington Stores price target raised to $405 from $360 at UBS

UBS analyst Jay Sole raised the firm’s price target on Burlington Stores (BURL) to $405 from $360 and keeps a Buy rating on the shares. Burlington Stores delivered a strong quarter, and UBS tells investors in a research note that the “Burlington 2.0” strategy is working and will lead to strong growth over the near-term and beyond. The firm also anticipates earnings beats which move the stock price higher, and says Burlington is much better positioned to navigate a potential recession or tariff scenario than the market realizes.