Burberry price target lowered to 918 GBp from 1,300 GBp at UBS

UBS analyst Zuzanna Pusz lowered the firm’s price target on Burberry (BURBY) to 918 GBp from 1,300 GBp and keeps a Neutral rating on the shares as part of a fiscal Q4 preview. The firm says the company’s industry context “remains unsupportive of turnarounds.”