0840 GMT - Burberry might have stabilized, but it hasn't reached an inflection point yet, JPMorgan analysts say in a note. The British luxury group has been implementing a number of strategic measures to revitalize the business after months of sales declines. "We think consensus might be too optimistic on the improvements expected at Burberry for next year and beyond," the analysts say. The luxury fashion space will become more competitive next year, as major brands come to market with the offer from the new designers, they add. JPMorgan downgrades its rating the stock to underweight from a neutral rating. Shares are down 2%. (andrea.figueras@wsj.com)

(END) Dow Jones Newswires

November 28, 2025 03:40 ET (08:40 GMT)

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