Italy’s Moncler (MONRY) is not in discussions to acquire Burberry (BURBY), despite a report by Britain’s Mail that a bid was imminent, Reuters’ Helen Reid and Elisa Anzolin report, citing four sources close to the matter. Burberry will report half-year earnings on Thursday, with new CEO Joshua Schulman anticipated to announce a strategy update along with it, the authors note.
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- Moncler price target lowered to EUR 63 from EUR 66 at Citi
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- Moncler price target lowered to EUR 55 from EUR 56 at Deutsche Bank
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