Burberry: Stifel reduces its target price
(CercleFinance.com) - While maintaining its 'hold' recommendation on Burberry, Stifel has cut its target price from 1050 pence to 800 pence, after reducing its operating profit projections for 2025 and 2026 by 68% and 42% respectively.
"Earnings revisions have yet to stabilise for the stock to find a floor", warns the broker, following the change of CEO at the head of the British clothing house last week.
According to Stifel, "Burberry aims to become a more democratic and inclusive brand... We believe that this should translate into a stronger entry-level offer, but within a genuine luxury context".
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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.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.
"Earnings revisions have yet to stabilise for the stock to find a floor", warns the broker, following the change of CEO at the head of the British clothing house last week.
According to Stifel, "Burberry aims to become a more democratic and inclusive brand... We believe that this should translate into a stronger entry-level offer, but within a genuine luxury context".
Copyright (c) 2024 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.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.