Burberry: in the green with a broker upgrade

(CercleFinance.com) - Burberry gained more than 2% in London, on the back of a recommendation upgrade by UBS from 'sell' to 'neutral' with a price target raised from 410 to 975 pence, the day after a trading update from the British luxury house.


Burburry's new roots-focused strategy can stabilize the business and improve sales momentum in the short term, which will be most important despite our skepticism about margins," says the broker.

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