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Fly News Breaks for March 9, 2018
BURL
Mar 9, 2018 | 09:33 EDT
BMO Capital analyst John Morris raised his price target on Burlington Stores to $145 after the company's Q4 earnings beat and 5.9% SSS growth that was well above its 2%-3% outlook. Morris contends that the company is able to manage wage inflation better than competitors while closing its operational efficiency gap. The analyst keeps his Outperform rating on Burlington Stores.
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