Will This Upgrade Help Burlington Stores (BURL) Stock On Monday?

NEW YORK (TheStreet) -- Burlington Stores Inc. (BURL) was upgraded to "buy" from "neutral" at Goldman Sachs (GS) this morning.

The firm said it raised its rating on the off-price branded apparel retailer based on the company's outperformance over the past five quarters.

Goldman said it also expects additional brand introduction, refined inventory management, and cost control to support the continuation of improvements in sales productivity and margins.

Must Read: Warren Buffett's 25 Favorite Stocks

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The firm raised its price target on the stock to $37 from $33.

BURL ChartBURL data by YCharts

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

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