0528 GMT - Burberry Group's strategy will reignite the brand visibility and desirability, Citi analyst Thomas Chauvet writes in a note. The British trench-coat maker improved web traffic and social media engagement metrics coupled with favorable U.S. growth opportunities despite tariffs risks are supporting the company's strategy, Chauvet says. Over the next three years, the group has the potential for significant transformation, he adds. The U.S. bank upgrades its stock recommendation to buy from neutral and cuts its target price to 9.25 pounds. Shares closed at 723.60 pence on Wednesday. ( najat.kantouar@wsj.com)
(END) Dow Jones Newswires
May 01, 2025 01:28 ET (05:28 GMT)
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