Wells Fargo Reaffirms Their Buy Rating on Burlington Stores (BURL)
Wells Fargo analyst Ike Boruchow maintained a Buy rating on Burlington Stores yesterday and set a price target of $355.00. The company’s shares closed yesterday at $310.30.
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According to TipRanks, Boruchow is a 4-star analyst with an average return of 5.1% and a 50.10% success rate. Boruchow covers the Consumer Cyclical sector, focusing on stocks such as Bath & Body Works, Ross Stores, and Burlington Stores.
In addition to Wells Fargo, Burlington Stores also received a Buy from Bernstein’s Aneesha Sherman in a report issued on January 6. However, yesterday, TipRanks – Anthropic reiterated a Hold rating on Burlington Stores (NYSE: BURL).
Based on Burlington Stores’ latest earnings release for the quarter ending November 1, the company reported a quarterly revenue of $2.71 billion and a net profit of $104.75 million. In comparison, last year the company earned a revenue of $2.53 billion and had a net profit of $90.6 million
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