Burberry among the Footsie frontrunners. This upgrade may explain its popularity
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Burberry Group PLC shares rose nearly 4% following an upgrade by Deutsche Bank, which now rates the company as a 'buyer'. The bank anticipates benefits from improved marketing and a focus on core strengths, setting a target price of 1,180p, indicating a potential 32% rise.
December 02, 2024 | 1:15 pm
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Burberry's shares increased by nearly 4% after Deutsche Bank upgraded its rating to 'buy', citing improved marketing and focus on core strengths. The bank set a target price of 1,180p, suggesting a potential 32% rise.
The upgrade by Deutsche Bank to 'buy' is a strong positive signal for Burberry, likely boosting investor confidence. The target price suggests significant upside potential, and the focus on marketing and core strengths aligns with growth strategies.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100