Why Burlington Stores Stock Is Surging 18% This Week

Shares of Burlington Stores (NYSE: BURL) are jumping 18.3% this week, according to data compiled by S&P Global Market Intelligence, following a Wall Street analyst upgrading her price target on the discount apparel retailer.

Morgan Stanley analyst Kimberly Greenberger raised her price target on Burlington Stores 4.8% to $175 while keeping an overweight rating on the stock.

Image source: Burlington Stores.

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Source Fool.com