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."
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
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."
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.