UPDATE: Morgan Stanley Initiates Coverage on Burlington Stores on Fair Valuation
November 11, 2013 at 09:16 AM EST
In a report published Monday, Morgan Stanley analyst Kimberly C. Greenberger initiated coverage on Burlington Stores (NYSE: BURL ) with an Equal-Weight rating and $27.00 price target. In the report, Morgan Stanley noted, “Burlington is a combined turnaround and debt paydown story. Its transformation is still in the middle innings,