Why Burlington Stores (BURL) Is Up Today

NEW YORK (TheStreet) -- Burlington Stores  (BURL) was rising 4.7% to $26.31 on Tuesday after Morgan Stanley upgraded the stock to "overweight" from "equal-weight."

The firm set a $29 target price and cited valuation as the reason for the upgrade. Burlington shares are down 23% year to date. 

Burlington Stores closed at $25.13 on Monday but spiked at the open on Tuesday to $26.96.  

BURL Chart

BURL data by YCharts

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