Burberry: UBS lowers TP again

(CercleFinance.com) - UBS confirms its Sell recommendation on the stock and lowers its target price to 410 pence (from 477 pence), which represents a 32% downside potential.


"BBRY's H1 results with a first strategic update from the new CEO could highlight the long path to earnings recovery as it enters a restructuring", UBS says.

In the group's ongoing restructuring and in the absence of a clear strategy, analysts say that the stock should be sold with a revised target of 410 pence.


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