Burlington Stores (BURL) Tops Q3 EPS by 2c; Guides Q4 EPS Below Expectations

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Cowen Says Burlington Stores' (BURL) 4Q Guidance Reflects 'Prudent Conservatism'; Reiterates Outperform

November 24, 2015 11:57 AM EST

Cowen reiterated an Outperform rating and $65.00 price target on Burlington Stores (NYSE: BURL) following the company's 3Q earnings report and guidance. Adjusted EPS of $0.25 beat consensus estimates of $0.23, driven by better than expected expense control despite a wage hike and reduced incentive compensation which... More