Burlington Stores (BURL) PT Raised to $334 at TD Cowen

TD Cowen analyst John Kernan raised the price target on Burlington Stores (NYSE: BURL) to $334.00 (from $288.00) while maintaining a Buy rating.

The analyst commented, "Operating leverage in the Burlington model supports upside to consensus EPS expectations through FY25. While weather created a more challenged Q3 across Off Price, more seasonal weather in November-December should support reacceleration. The quality of Burlington's inventory buying and improved in-store execution is notable. We model a 23% EPS CAGR and a path to $1B in annualized FCF by FY28."

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