Piper Sandler Upgrades Burlington Stores to Overweight, Raises Price Target to $240
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Edward Yruma has upgraded Burlington Stores (NYSE:BURL) from Neutral to Overweight and increased the price target from $155 to $240, indicating a positive outlook on the company's stock.
January 17, 2024 | 10:27 am
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Burlington Stores has been upgraded by Piper Sandler from Neutral to Overweight with a significant increase in price target from $155 to $240, suggesting strong confidence in the company's future performance.
The upgrade to Overweight by a reputable analyst like Edward Yruma typically signals a bullish perspective on the stock, which can lead to increased investor confidence and a potential rise in the stock price. The substantial raise in the price target further underscores the analyst's optimism about Burlington Stores' prospects.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100