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.
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