Morgan Stanley positive on Burlington Stores

|About: Burlington Stores, Inc (BURL)|By:, SA News Editor

Morgan Stanley thinks Burlington Stores (NYSE:BURL) management is making progress with the execution of its off-price model. The investment firm also sees upside with Burlington's long-term initiatives.

The MS team hikes its price target on Burlington to $145 from $132. The 52-week high for the retailer is $138.45.

Sources: MarketWatch, Reuters Morning Call