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Benzinga

Business

Shivani Kumaresan

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

BURL Loop Capital Burlington (Organization) 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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