Morgan Stanley upgraded Burberry (BURBY) to Overweight from Equal Weight with an unchanged price target of 1,350 GBp. The recent share pullback has created an “opportunistic entry-point,” the analyst tells investors in a research note. Morgan Stanley names Burberry a top pick.
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Read More on BURBY:
- Burberry price target raised to 980 GBp from 950 GBp at JPMorgan
- Burberry price target lowered to 13 GBp from 14 GBp at Telsey Advisory
- Analyst Maintains Hold on Burberry as Turnaround Progress Appears Priced In Amid Limited Near-Term Upside
- Burberry initiated with a Hold at Berenberg
- Burberry price target lowered to 1,480 GBp from 1,550 GBp at Deutsche Bank