Burlington Stores upgraded to Buy from Neutral at Goldman Goldman upgraded Burlington Stores to Buy to reflect the early strategic transformation that will support continued sales productivity, margins and ROIC driven by new brand introductions, cost controls and inventory management. Price target is $37.
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On The Fly: Analyst Initiation Summary Today's noteworthy initiations include: 2U (TWOU) initiated with an Outperform at Barrington... Burlington Stores (BURL) initiated with a Buy at Buckingham... Iconix Brand (ICON) initiated with an Outperform at Cowen... Ophthotech (OPHT) initiated with a Neutral at Goldman... PetroQuest (PQ) initiated with an In-Line at Imperial Capital... Twitter (TWTR) initiated with a Market Perform at Raymond James.
Burlington Stores raises Q2 SSS growth to 3%-4% from 2%-3% For the full year, the company expects operating margin rates consistent with previous guidance, including an increase in Adjusted EBITDA margin rate of 10 to 20 basis points, as compared to the prior fiscal year.