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Loop Capital Turns Bearish On This Off-Price Retailer On Inflation Fears

Loop Capital Turns Bearish On This Off-Price Retailer On Inflation Fears

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Loop Capital analyst Laura Champine downgraded Burlington Stores Inc (NYSE:BURL) to Sell from Hold with a price target of $190, down from $255, suggesting a 15% downside. The analyst warned that inflation and reduced stimulus may lead to reductions in consensus estimates, as those factors disproportionately impact the company’s customer base.

...read full article on Benzinga

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