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Fly News Breaks for June 27, 2018
BURL
Jun 27, 2018 | 05:59 EDT
Loop Capital analyst Laura Champine raised her price target on Burlington Stores to $170 from $156 and reiterated a Buy rating following checks that indicate strong softlines trends and continued share gains for off-price retailers. In a research note to investors, Champine says she expects Burlington's momentum to continue as the off-price sector gains more share from department stores and some specialty retailers, adding that Burlington's continued inventory reductions should bolster sales and margins as clearance lessens.
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