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Wedbush sees upside on Burlington Stores

Published 06/22/2018, 08:11 AM
Updated 06/22/2018, 08:11 AM
© Reuters.  Wedbush sees upside on Burlington Stores
  • Burlington Stores (NYSE:BURL) is on watch after Wedbush initiates coverage with an Outperform rating.
  • Analyst Jen Redding considers the retailer an "attractive" growth story with earnings upside. Macro factors like the bounce in consumer spending in the U.S. and the strong dollar are seen as playing to Burlington's strength.
  • Wedbush assigns a price target of $175 to Burlington to rep 15% upside potential for shares.
  • Now read: Dollar Tree (NASDAQ:DLTR) Shares Just Got Thrown Into The Bargain Bin


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