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Benzinga
Benzinga
Business
Shivani Kumaresan

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

BURL Loop Capital Burlington (Organization) Burlington Stores Inc NYSE
  • 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.
  • Champine also believes that wage inflation will likely impact Burlington "significantly."
  • Price Action: BURL shares are trading lower by 1.74% at $220.10 in premarket on the last check Thursday.
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