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Fly News Breaks for August 26, 2016
BURL
Aug 26, 2016 | 07:14 EDT
As previously reported, MKM Partners analyst Roxanne Meyer upgraded Burlington Stores to Buy from Neutral and increased its price target to $94 from $73. The analyst said two quarters of comp beats demonstrate strong momentum and sees catalysts for continued comp growth, continued refinement of the offprice model, outsized growth in home and beauty, and gross margin expansion.
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