Burlington Stores price target lowered to $209 from $230 at TD Cowen

TD Cowen lowered the firm’s price target on Burlington Stores to $209 from $230 and keeps a Hold rating on the shares. The firm said expectations for Q1 same-store-sales are more muted, but the Bull case scenario lies more on the EPS line, with drivers of EPS upside on low-single-digit positive same-store-sales producing an EPS beat and slight raise of EPS guidance at the low-end for 2024E.