Jul. 14 at 6:14 PM
$BURL UBS sees 56% upside ahead for Burlington Stores
There are plenty of reasons to be bullish on Burlington Stores, according to UBS.
“We believe BURL’s superior value proposition will lead to market share gains versus struggling channels such as Dept. Stores,” analyst Jay Sole wrote in a note Monday. He reiterated his buy rating and
$390 price target, which implies 56% upside from Friday’s close.
In addition, the “Burlington 2.0” strategy, meant to enhance its position, is working and will drive incremental earnings growth, he said.