Broker Recommendations

RBC Capital ups Burberry to 'outperform', hikes price target

By Michele Maatouk

Date: Wednesday 06 Nov 2024

(Sharecast News) - RBC Capital Markets upgraded Burberry on Wednesday to 'outperform' from 'sector perform' and hiked the price target to 900p from 650p.

The bank also added a "speculative risk" qualifier, on the basis it is potentially an acquisition target for Italy's Moncler, or other industry players.

RBC...

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