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Fly News Breaks for November 27, 2019
BURL
Nov 27, 2019 | 09:19 EDT
Loop Capital analyst Laura Champine raised her price target on Burlington Stores to $240 and kept her Buy rating after its Q3 earnings beat and given her view that its below-consensus Q4 guidance is "conservative". The analyst believes that the company's momentum is being sustained given the 5% decline in inventories with 9% sales growth during Q3 and the same-store sales comparison next quarter that will be 310bps easier sequentially.
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