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Burberry (BRBY) was upgraded to a Buy Rating at Barclays

Tipranks - Tipranks - Wed Jan 28, 1:52AM CST

Burberry received a Buy rating and a £14.50 price target from Barclays analyst Carole Madjo today.

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According to TipRanks, Madjo is a 2-star analyst with an average return of 0.0% and a 50.00% success rate. Madjo covers the Consumer Cyclical sector, focusing on stocks such as Burberry, Moncler S.p.A., and Compagnie Financiere Richemont SA.

In addition to Barclays, Burberry also received a Buy from Citi’s Thomas Chauvet in a report issued yesterday. However, on January 25, Jefferies reiterated a Sell 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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