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Citi Reaffirms Their Buy Rating on Burberry (BRBY)

Tipranks - Tipranks - Tue Jan 27, 2:08AM CST

Citi analyst Thomas Chauvet maintained a Buy rating on Burberry today and set a price target of £15.90.

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Chauvet covers the Consumer Cyclical sector, focusing on stocks such as Burberry, Pandora A/S, and Kering SA. According to TipRanks, Chauvet has an average return of 9.7% and a 58.26% success rate on recommended stocks.

In addition to Citi, Burberry also received a Buy from Bernstein’s Luca Solca in a report issued on January 21. However, on January 22, Barclays 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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