JPMorgan downgraded Burberry (BURBY) to Underweight from Neutral with a price target of 950 GBp, up from 850 GBp. The firm believes 2026 should mark a year of stabilization for the luxury sector. For the first time in two years, JPMorgan models a return to low-single growth for the sector in 2026, the analyst tells investors in a research note. The firm adjusted ratings as part of its 2026 outlook.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BURBY:
- Burberry price target lowered to 1,570 GBp from 1,600 GBp at Citi
- Burberry’s Earnings Call: Cautious Optimism Amid Challenges
- Burberry price target raised to 1,550 GBp from 1,500 GBp at Deutsche Bank
- Burberry Group PLC Reports Mixed Interim Results
- Cautious Outlook for Burberry Amid Stable Trading and Strategic Optimism