Burlington Stores Upgraded to Buy at Goldman, PT Raised $8 to $37; Shares Spike 4% Pre Bell

Burlington Stores (BURL), which sells off-price retailer of branded apparel, has been upgraded by analysts at Goldman Sachs to a buy rating from neutral.

The firm also raised its price target on the stock to $37 from $29 a share.

In today’s pre-market trading, shares of BURL have spiked 4.4% to $33, moving above its 52-week regular session range of $21.53 – $32.98.

Burlington Stores, Inc. operates as a retailer of branded apparel products in the United States. The company provides fashion-focused merchandise, such as womenÂ’s ready-to-wear apparel, menswear, youth apparel, baby products, footwear, accessories, home goods, and coats. As of February 1, 2014, it operated 521 stores, including an Internet store in 44 states and Puerto Rico. The company was founded in 1972 and is headquartered in Burlington, New Jersey.

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Elizabeth Clark, CPA, is a senior analyst for The Downtown Leader. If you have a great story idea for Elizabeth Clark, you can write at [Elizabeth.Clark@downtownleader.com ].

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