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Bernstein Keeps Their Buy Rating on Burberry (BRBY)

Tipranks - Tipranks - Fri Jan 30, 8:32AM CST

Bernstein analyst Luca Solca maintained a Buy rating on Burberry today and set a price target of p1,500.00.

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Solca covers the Consumer Cyclical sector, focusing on stocks such as LVMH Moet Hennessy Louis Vuitton, Compagnie Financiere Richemont SA, and Burberry. 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 Barclays’s Carole Madjo in a report issued on January 27. 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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