UPDATE: J.P. Morgan Initiates Coverage on Burlington Stores on Potential for Robust Topline Growth

In a report published Monday, J.P. Morgan analyst Brian J. Tunick initiated coverage on Burlington Stores (NYSE: BURL ) with an Overweight rating and $32.00 price target. In the report, J.P. Morgan noted, “We are initiating coverage of BURL with an Overweight rating and a Dec-14 price target of $32.