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Burlington Stores (NASDAQ:BURL)‘s stock had its “overweight” rating reiterated by Morgan Stanley in a research note issued on Thursday. They currently have a $37.00 price objective on the stock, up from their previous price objective of $35.00. Morgan Stanley’s price objective suggests a potential upside of 1.87% from the company’s current price.

The analysts wrote, “BURL could deliver modest EPS upside, especially if margins outperform conservative guidance, but we don’t expect a material move over earnings. Debt refinancing now appears fully priced in. The stock has substantially outperformed since an early 2014 pullback and remains our top small cap idea.”

A number of other analysts have also recently weighed in on BURL. Analysts at Bank of America reiterated a “buy” rating on shares of Burlington Stores in a research note on Tuesday. They now have a $40.00 price target on the stock, up previously from $38.00. Separately, analysts at Zacks upgraded shares of Burlington Stores from a “neutral” rating to an “outperform” rating in a research note on Wednesday, August 6th. They now have a $35.50 price target on the stock. Finally, analysts at Sterne Agee initiated coverage on shares of Burlington Stores in a research note on Tuesday, August 5th. They set a “neutral” rating and a $36.00 price target on the stock. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. Burlington Stores presently has a consensus rating of “Buy” and an average target price of $36.65.

Shares of Burlington Stores (NASDAQ:BURL) traded up 1.75% on Thursday, hitting $36.955. The stock had a trading volume of 20,280 shares. Burlington Stores has a one year low of $21.54 and a one year high of $37.06. The stock has a 50-day moving average of $33.45 and a 200-day moving average of $29.83. The company’s market cap is $2.737 billion.

Burlington Stores, Inc is a national off-price retailer of branded apparel, operating 503 stores, inclusive of an Internet store, in 44 states and Puerto Rico.

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