BURL - Burlington Stores Has Potential For Significant Margin Expansion - Piper Analyst Upgrades Stock | Benzinga
Piper Sandler analyst Edward Yruma upgraded Burlington Stores, Inc (NYSE:BURL) to Overweight from Neutral, raising the price target to $240 from $155.
Yruma said he is increasingly confident in the 300+ bps margin expansion opportunity and believes that market share gains are likely to continue.
Per the analyst, department stores have remained highly conservative for 1H24 inventory buys, which creates a favorable environment for off-price to take continued share.
BURL presents the right combination of an improved store shopping experience and ...