TD Cowen Reiterates Buy Rating on Burlington Stores (BURL)

TD Cowen analyst John Kernan reiterated a Buy rating and $334.00 price target on Burlington Stores (NYSE: BURL).

The analyst commented, "If Burlington can achieve 3% to 4% SSS in FY25 and beyond we see upside to consensus EPS expectations with a run rate of margin expansion that can generate a five year EPS CAGR in the mid 20%+. Burlington 2.0 continues to execute margin expansion without significant upside to SSS plan. We model SSS +3% in FY25 and 21% EPS growth y/y. Price target Of $334, 28x our FY26E EPS and 14x EV/EBITDA est."

For an analyst ratings summary and ratings history on Burlington Stores click here. For more ratings news on Burlington Stores click here.

Shares of Burlington Stores closed at $286.94 yesterday.

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