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Fly News Breaks for March 12, 2018
BURL
Mar 12, 2018 | 17:14 EDT
Credit Suisse analyst Michael Binetti initiated Burlington Stores with an Outperform rating and a price target of $146, saying the Street consensus has not reflected the company's margin improvement relative to those of its peers. The analyst expects this gap to narrow in the coming years on opportunity for better productivity and the positive impact of tax reform related cash reinvestment into new stores and models.
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