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BURL

Burlington Stores

$87.00

1.49 (1.74%)

08:19
08/08/17
08/08
08:19
08/08/17
08:19

Burlington Stores weakness creates buying opportunity, says BMO Capital

BMO Capital analyst John Morris says that Burlington's recent weakness has created a buying opportunity. Morris says that worries about lack of off-price supply are overdone, while the company should benefit from expansion into health and beauty categories.

BURL Burlington Stores
$87.00

1.49 (1.74%)

05/08/17
COWN
05/08/17
NO CHANGE
COWN
Cowen believes store closure levels will lead to 'retail rebirth'
Cowen analyst Oliver Chen said he believes a "retail rebirth" is underway. He noted all of the mall vacancies from large store closings, which are at the highest level since 2010, but expects a combination of retailers new to malls - like Dave and Busters (PLAY) and IMAX (IMAX) theaters - as well as bowling alleys, food and beverage concepts such as Eataly and Whole Foods (WFM) and deep value retailers such as Primark to fill a void. He also believes growing retailers, such as Ulta Beauty (ULTA), TJX, (TJX), and Burlington Stores (BURL), may help malls fill their vacancies. The mall mix is increasing to 20% food and entertainment, up from 10% previously, he added. Of the about 1,150 malls in the U.S., the about 44% classified B- and below are in weakening positions and malls generating productivity below $480 sales per square foot are most at risk for closure, added Chen.
08/02/17
FBCO
08/02/17
DOWNGRADE
FBCO
Neutral
Burlington Stores downgraded to Neutral from Outperform at Credit Suisse
08/02/17
08/02/17
DOWNGRADE
Target $89

Neutral
Burlington Stores downgraded to Neutral at Credit Suisse
As previously reported, Credit Suisse analyst Christian Buss downgraded Burlington Stores to Neutral from Outperform saying that although the fundamentals of the company remain healthy, he sees limited upside to valuation as the multiples stay elevated despite more moderate industry growth prospects. The analyst also lowered his price target on the shares to $89 from $97.
08/02/17
08/02/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Under Armour (UA, UAA) downgraded to Neutral from Buy at Citi with analyst Kate McShane citing yesterday's guide-down, the shares look "too expensive for investors to jump into the name nearer-term." 2. Burlington Stores (BURL) downgraded to Neutral from Outperform at Credit Suisse with analyst Christian Buss saying that although the fundamentals of the company remain healthy, he sees limited upside to valuation as the multiples stay elevated despite more moderate industry growth prospects. 3. Big 5 Sporting (BGFV) downgraded to Hold from Buy at Deutsche Bank with analyst Mike Baker saying he expected Big Five's sales gains following The Sports Authority liquidation would decelerate at some point, but he notes that "trends fell off faster and to a greater extent than we suspected." 4. Ultimate Software (ULTI) downgraded to Hold from Buy at Deutsche Bank with analyst Nandan Amladi calling the second quarter results "mixed" and prefers to move to the sidelines until growth returns to the mid-20s target and leverage returns to the model. 5. ResMed (RMD) was downgraded to Neutral from Buy at BofA/Merrill and to Neutral from Outperform at Credit Suisse. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

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NTIP

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SD

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DIS

Disney

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TRIL

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T

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FB

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AAL

American Airlines

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ZN

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SBUX

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EQH

AXA Equitable

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EQH

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BAESY

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ATNI

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WBA

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HPE

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SBUX

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BX

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SBUX

Starbucks

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ORCL

Oracle

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ORCL

Oracle

$46.29

-0.25 (-0.54%)

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WBA

Walgreens Boots Alliance

$64.61

0.47 (0.73%)

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