The Buckle price target raised to $40 from $34 at UBS

UBS raised the firm’s price target on The Buckle (BKE) to $40 from $34 and keeps a Neutral rating on the shares. Buckle’s Q1 quarter over quarter sales growth acceleration should drive sequentially better gross margin and EPS growth trends, but this improvement is largely expected by the market, the analyst tells investors in a research note. UBS sees “limited” upside to the stock over the event despite a likely good Q1 result.