Deutsche Bank Keeps Their Buy Rating on Burberry (BRBY)
Deutsche Bank analyst Adam Cochrane reiterated a Buy rating on Burberry yesterday and set a price target of p1,550.00. The company’s shares closed today at p1,228.00.
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According to TipRanks, Cochrane is an analyst with an average return of -6.0% and a 37.60% success rate. Cochrane covers the Consumer Cyclical sector, focusing on stocks such as PUMA SE NPV, Zalando, and adidas AG.
In addition to Deutsche Bank , Burberry also received a Buy from UBS’s Zuzanna Pusz in a report issued yesterday. However, today, Telsey Advisory maintained a Hold rating on Burberry (LSE: BRBY).
Based on Burberry’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of p1.38 billion and a GAAP net loss of p1 million. In comparison, last year the company earned a revenue of p1.57 billion and had a net profit of p112 million
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