Burlington Stores Stock Could Rise to $250 on Retail’s Woes
Burlington Stores (NYSE: BURL) suffered in the first quarter due to the COVID-19 pandemic. Sales at the deep discounter were cut in half because its stores were closed and it had no e-commerce strategy to speak of to offset the losses.
Wall Street, though, thinks Burlington will bounce back sharply because of the plight of the rest of the retail industry.
Image source: Getty Images.
Source Fool.com
