Telsey Advisory lowered the firm’s price target on Burberry (BURBY) to 11 GBp from 13 GBp and keeps a Market Perform rating on the shares. The company’s performance remains under pressure as it aims to turn the brand around in a challenging and volatile macro environment, the analyst tells investors. While the firm is encouraged by the better-than-expected second half results, the near-term visibility remains challenging.

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Burberry upgraded to Buy from Neutral at UBS Burberry downgraded to Hold from Buy at Deutsche Bank Burberry Group PLC: Navigating Challenges and Strategic Turnaround Burberry’s Hold Rating: Navigating Uncertainty Amid Macroeconomic Challenges Burberry upgraded to Buy from Neutral at Citi

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