Morgan Stanley Maintains Overweight on Burlington Stores, Raises Price Target to $182
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Alex Straton has maintained an Overweight rating on Burlington Stores (NYSE:BURL) and increased the price target from $167 to $182.
November 22, 2023 | 1:29 pm
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Morgan Stanley analyst Alex Straton reaffirmed an Overweight rating on Burlington Stores and raised the price target to $182, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst like Alex Straton from Morgan Stanley typically signals a strong conviction in the company's future performance and growth potential. This can lead to increased investor confidence and a potential short-term rise in the stock price.
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