Wells Fargo Maintains Overweight Rating for Burlington Stores: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Wells Fargo has maintained its Overweight rating for Burlington Stores (NYSE:BURL) but lowered its price target from $275 to $250. Shares of Burlington Stores are trading down 0.92% over the last 24 hours, at $159.08 per share.
May 26, 2023 | 5:00 pm
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Wells Fargo maintains Overweight rating for Burlington Stores (NYSE:BURL) and lowers price target from $275 to $250. Shares are trading down 0.92% at $159.08.
Wells Fargo's decision to maintain its Overweight rating for Burlington Stores indicates a positive outlook for the company. However, the lowering of the price target from $275 to $250 suggests a slightly less optimistic view on the stock's potential growth. The stock's 0.92% decline over the last 24 hours may be a short-term reaction to the news, but the overall impact on the stock price is neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100