BUZZ-TD Cowen raises Burlington Stores' PT on margin benefits

Reuters
2024-12-12
BUZZ-TD Cowen raises Burlington Stores' PT on margin benefits

** Brokerage TD Cowen raises off-price retailer Burlington Stores' BURL.N PT to $339 from $334, maintains "buy" rating

** Company's margins to benefit from opportunities in merchandising, enhanced store productivity, supply chain, automation and warehousing, says brokerage

** Burlington's focus on value will resonate in 2025 with low- and mid-income consumers - brokerage

** Quality of BURL's inventory buying, new store prototype and improved in-store execution is notable, says TD Cowen

** Gradual improvements in productivity closer to off-price leaders TJX TJX.N and Ross Stores ROST.O as well as debt pay-down can generate accelerating free cash flow - brokerage

** Nineteen of 22 brokerages rate the stock "buy" or "higher" and three "hold"; median PT is $332 - LSEG data

** Up to last close, stock up nearly 52% YTD

(Reporting by Anuja Bharat Mistry in Bengaluru)

((AnujaBharat.Mistry@thomsonreuters.com;))

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10