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Fly News Breaks for September 26, 2016
BURL
Sep 26, 2016 | 09:10 EDT
BofA/Merrill analyst Lorraine Hutchinson believes Burlington will generate strong comps in 2H 2016 due to positive supply chain dislocations, the Hanjin bankruptcy causing competitor product delays, and store closings at Macy's. The analyst reiterates his Buy rating on Burlington and raised its price target to $95 from $90.
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