Citi analyst Paul Lejuez raised the firm’s price target on Burlington Stores (BURL) to $344 from $313 and keeps a Buy rating on the shares. The company’s Q3 results were hurt by weather, but the underlying business remains strong, the analyst tells investors in a research note. The firm says margins were better than expected and will continue to be a source of upside. It believes Burlington is well positioned for the holiday and should beat the Q4 guidance.
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