Burlington's 3Q Results Should Raise Sentiment -- Market Talk

Dow Jones11-15

1306 ET - Burlington Stores' 3Q results, scheduled to arrive Nov. 26, should boost consumer sentiment around the stock, UBS analysts say in a research note. Warmer-than-usual temperatures during the recent quarter have tempered investors' near-term expectations. As a result, the small earnings beat and outlook raise that the analysts expect will be a pleasant surprise. And in the event the company's 3Q results or 4Q outlook disappoints, the analysts say their "conversations with investors suggest many view BURL as a top idea for 2025," causing them to believe investors would buy on weakness and limiting a potential downside. UBS raises its price target 4% to $280 and maintains its neutral rating. (connor.hart@wsj.com)

(END) Dow Jones Newswires

November 14, 2024 13:06 ET (18:06 GMT)

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Warmer-than-usual temperatures during the ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1878469433.USD","symbol_name":"THREADNEEDLE (LUX) - AMERICAN SMALLER COMPANIES \"A\" (USD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2483380367","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2483380367","pubTimestamp":1731607560,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1306 ET - Burlington Stores' 3Q results, scheduled to arrive Nov. 26, should boost consumer sentiment around the stock, UBS analysts say in a research note. 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