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Burberry: shares up after UBS raises target price

(CercleFinance.com) - Shares in British luxury house Burberry are among the top gainers on the FTSE 100 index on Friday, up 1.
2% at 2,130 pence, after UBS raised its price target from 1,900 pence to 2,150 pence.

UBS - which keeps a "neutral" stance on the shares - said in a report that it has raised its earnings estimates on the group ahead of the quarterly trading update on 11 July, betting on a "turnaround."

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