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Fly News Breaks for March 9, 2018
BURL
Mar 9, 2018 | 10:29 EDT
Buckingham analyst Eric Tracy raised Burlington Stores price target to $150 from $143 and reiterated his Buy rating following the Q4 beat and "robust" 2018 guidance. The analyst said the evolving off-price model is yielding superior revenue/earnings, which is driving sustained comps, visible unit growth and material margin expansion opportunities.
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