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Fly News Breaks for June 10, 2015
BURL
Jun 10, 2015 | 07:55 EDT
After Burlington reported lower than expected Q1 comp sales, BMO Capital says, after speaking with the company, that it believes that the miss was caused by factors that are more one-time in nature, including weather and port delays. The firm says that the company's momentum appears to have rebounded in Q2 as delayed products arrive in its stores. BMO cut its price target on the name to $59 from $65 but keeps an Outperform rating on the stock.
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