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UPDATE: Credit Suisse Initiates Coverage On Burlington Stores Inc

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Analysts at Credit Suisse initiated coverage on Burlington Stores Inc (NYSE: BURL) with a Neutral rating and $36 price target.

Michael Exstein finds that Burlington’s "key differentiators from much larger revenue peers TJX and ROST are its "heritage" categories of merchandise (outerwear, baby, and tailored men's), with a deeper and broader product assortment driven by larger box sizes."

Burlington has also delivered three consecutive years of positive same-stores sales growth. Exstein finds, "Investments in IT and supply chain, and efforts to improve the quality and freshness of inventory are likely to help BURL improve operating margins, increase cash flow, and deliver the balance sheet."

Shares of Burlington Inc recently traded at $39.09, down 0.64 percent.

Latest Ratings for BURL

DateFirmActionFromTo
Nov 2019MaintainsOverweight
Nov 2019MaintainsBuy
Nov 2019MaintainsBuy

View More Analyst Ratings for BURL
View the Latest Analyst Ratings

Posted-In: Credit Suisse Michael ExsteinAnalyst Color Price Target Initiation Analyst Ratings

 

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StockFirmActionPT
VIACJP MorganReinstates50.0
NUVASVB LeerinkMaintains92.0
SRPTCantor FitzgeraldMaintains211.0
SRPTPiperJaffrayMaintains210.0
LULUGoldman SachsMaintains219.0
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