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Fly News Breaks for June 27, 2018
BURL
Jun 27, 2018 | 06:07 EDT
Loop Capital analyst Laura Champine raised her price target on Burlington Stores to $170 and kept her Buy rating, citing checks suggesting "strong softlines trends" and ongoing market share gains from department stores to "off-price retailers". Champine expects that momentum to continue amid further inventory reduction by Burlington Stores, as she also raises her FY18 EPS target to $6.09 from $5.91.
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