Wells Fargo Maintains Overweight on Burlington Stores, Lowers Price Target to $250
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Ike Boruchow maintains an Overweight rating on Burlington Stores (NYSE:BURL) but lowers the price target from $275 to $250.
May 26, 2023 | 11:21 am
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Wells Fargo maintains an Overweight rating on Burlington Stores (NYSE:BURL) and lowers the price target from $275 to $250.
The news of Wells Fargo maintaining an Overweight rating on Burlington Stores indicates a positive outlook for the company. However, the lowering of the price target from $275 to $250 may create some uncertainty among investors, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100