Burlington's Smart Makeover Is Paying Off, But Can It Keep the Momentum Going?
1. Burlington Stores focuses on off-price strategy, boosting assortments and store layouts. 2. Bank of America maintains Buy rating with target price of $363 for BURL. 3. Recent comparable sales grew by 5%, indicating sales momentum is strong. 4. 500 new store openings planned from 2024 to 2028 to enhance growth. 5. Current stock pullback presents an attractive buying opportunity according to analysts.