Barclays analyst Chethan Mallela initiated coverage of Burlington Stores (BURL) with an Overweight rating and $194 price target. He also started both Ross Stores (ROST) and TJX (TJX) with Equal Weight ratings. Burlington is differentiated in the off-price subsector given its "less productive and established" store footprint, and significantly lower operating margins versus the peer group, Mallela tells investors in a research note. As Burlington "continues to address these disparities," the analyst expects faster and more visible top- and bottom-line growth.