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Fly News Breaks for December 28, 2018
BURL
Dec 28, 2018 | 06:27 EDT
Loop Capital analyst Laura Champine raised her price target on Burlington Stores to $185 and kept her Buy rating, saying she expects the company's earnings momentum to continue amid market share gains of the off-price sector from department stores and specialty retailers. The analyst notes that she is also "increasingly confident" that Burlington Stores can meet her targets for Q4, adding that its "new and remodeled brand-standard stores" can improve the overall chain's performance. Champine further cites the company's ability to carry a wide assortment of toys, avoiding a seasonal "fire sale" of toy inventory in January.
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