Burberry: UBS still a seller after Moncler bid
(CercleFinance.com) - In its daily roundup, UBS reports that Moncler is considering making a bid for Burberry.
Following this information, UBS reiterates its Sell rating on the stock, with an unchanged TP of 410 pence (cp: 853 pence, +5%).
According to an article published on Sunday in the online luxury goods magazine Miss Tweed, there are growing rumors in the sector that Moncler (Neutral) is considering making a bid for Burberry (Sell), given the share price's significant decline over the past year, UBS says.
Amongst the ongoing restructuring and in the absence of a clear strategy, we believe the stock should be sold with a TP of 410 pence, UBS says.
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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.
Following this information, UBS reiterates its Sell rating on the stock, with an unchanged TP of 410 pence (cp: 853 pence, +5%).
According to an article published on Sunday in the online luxury goods magazine Miss Tweed, there are growing rumors in the sector that Moncler (Neutral) is considering making a bid for Burberry (Sell), given the share price's significant decline over the past year, UBS says.
Amongst the ongoing restructuring and in the absence of a clear strategy, we believe the stock should be sold with a TP of 410 pence, UBS says.
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.