Burberry: UBS reduces TP after H1 results

(CercleFinance.com) - UBS maintains its "sell" rating on Burberry shares, reducing its target price from 1614 pence to 1525 pence, with the latter slightly below (-2%) the last share price of the British upmarket clothing house.


Following the disappointing H1 results, which in the broker's opinion "confirmed the difficult context for a turnaround", the broker has further reduced its estimates, continuing to see risk to the LT story.


Copyright (c) 2023 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.