BUZZ-Burlington Stores rises after TD Cowen raises PT

Reuters11-25 20:35

** Brokerage TD Cowen raises price target on Burlington Stores' stock to $334 from $288

** Shares of the discount retailer up 1.9% at $291.50 in light premarket trading

** Brokerage says operating leverage in the Burlington model supports upside to consensus earnings per share expectations through FY25

** While weather created a more challenged Q3 across off-price, more seasonal weather in November-December should support reacceleration - TD says

** "The quality of Burlington's inventory buying and improved in-store execution is notable," TD adds

** As of last close, BURL shares up 47% YTD

(Reporting by Rupali Chaudhary in Bengaluru)

((Rupali.Chaudhary@thomsonreuters.com))

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