DA Davidson analyst John Morris raised his price target on Burlington Stores to $260 and kept his Buy rating after its Q3 earnings beat driven by a "solid" 2.7% comp growth and SG&A leverage. The analyst further cites the management's plans to continue to "chase sales" with opportunistic buying, improve product assortment to reduce the need for markdowns, and invest in boosting the "already strong" merchandise team. Morris believes that Burlington Stores remains well positioned heading into Q4, raising his FY19 and FY20 EPS views by 11c and 7c to $7.34 and $8.20.