MKM Partners analyst Roxanne Meyer raised her price target on Burlington Stores to $174 and kept her Buy rating after its Q2 results, saying that while comps "underwhelmed" relative to its peers, the quarter saw strong margin gains. The analyst believes that the comps issues in Q2 were "self-inflicted" and transitory, with the second half of 2018 expected to produce stronger results. Meyer adds that Burlington Stores has an opportunity for incremental revenue and margin expansion from improved store productivity and portfolio initiatives, along with the potential for "lower markdowns and fixed cost leverage".