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Jefferies downgrades Burberry, slashes price target

By Michele Maatouk

Date: Friday 20 Sep 2024

(Sharecast News) - Jefferies downgraded Burberry on Friday to 'underperform' from 'hold' and slashed the price target to 490p from 800p as it took a look at European luxury brands.
"A change in management (presumably to be followed by a tilt in strategic direction) and a challenged demand backdrop make for...

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