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Bernstein Remains a Buy on Burberry (BRBY)

Tipranks - Tipranks - Thu Jan 22, 6:24AM CST

In a report released today, Luca Solca from Bernstein maintained a Buy rating on Burberry, with a price target of p1,500.00.

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Solca covers the Consumer Cyclical sector, focusing on stocks such as Compagnie Financiere Richemont SA, Kering SA, and LVMH Moet Hennessy Louis Vuitton. According to TipRanks, Solca has an average return of 12.1% and a 64.77% success rate on recommended stocks.

In addition to Bernstein, Burberry also received a Buy from UBS’s Zuzanna Pusz in a report issued today. However, on the same day, Morgan Stanley maintained a Hold rating on Burberry (LSE: BRBY).

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Based on Burberry’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of p1.03 billion and a GAAP net loss of p26 million. In comparison, last year the company earned a revenue of p1.09 billion and had a GAAP net loss of p74 million

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