UBS analyst Zuzanna Pusz upgraded Burberry (BURBY) to Neutral from Sell with a price target of 975 GBp, up from 410 GBp. The company’s new CEO presented a strategy which is focused on bringing the brand back to its roots after years of unsuccessful elevation efforts and strays into seasonal fashion, the analyst tells investors in a research note. The firm sees this as a step in the right direction.
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