Burberry: UBS still a seller after quarterly update

(CercleFinance.com) - UBS maintains its 'sell' recommendation on Burberry shares, along with a target price of 1,861p, which suggests downside potential of 10% for the British upmarket clothing group's stock.


"Q1 results confirmed continued underperformance vs. peers with uncertainty around CEO change and sequential China slow-down highlighting downside risks," the broker said.


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