Burberry: UBS still on hold
(CercleFinance.com) - UBS maintains its Neutral rating on Burberry shares, along with its target price of 2593 pence , noting a "broadly in line" Q4.
"Q4 retail LFL came in at +16% vs. cons +14% (UBSe +15%)," the analyst notes.
"H2 adjusted EBIT was £396m vs. cons £386m (UBSe £398m), with adj. EBIT margin at 22.6% vs. cons 21.9% (UBSe 22.3%)," the broker adds.
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