Goldman Sachs analysts added Burlington Stores (BURL) to the firm’s US Conviction List as part of its monthly update. The firm has a Buy rating on the shares with a $334 price target Goldman sees Burlington’s value offering as ideally positioned for today’s economy. It expects the retailer to benefit from a sequentially strengthening low-income consumer as well as higher end consumers trading down to its value offering.
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Read More on BURL:
- Burlington Stores price target raised to $293 from $278 at BMO Capital
- Burlington Stores price target raised to $320 from $310 at Telsey Advisory
- Burlington Stores price target raised to $350 from $315 at BofA
- Burlington Stores price target raised to $340 from $315 at Evercore ISI
- Burlington Stores price target raised to $305 from $285 at Morgan Stanley
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
