Information Provided By:
Fly News Breaks for February 3, 2020
BURL
Feb 3, 2020 | 16:23 EDT
BMO Capital analyst Simeon Siegel initiated coverage of Burlington Stores with an Outperform rating and $250 price target. The company has shown "remarkably consistent" sales growth as the company befits from the "thematic push" to off-price shopping, Siegel tells investors in a research note. He says the shares are "expensive for a reason."