Tiger Brokers

BUZZ-Barclays upgrades Burberry to 'overweight', sees promising turnaround

Reuters
Jan 27
BUZZ-Barclays upgrades Burberry to 'overweight', sees promising turnaround 

** Barclays upgrades luxury brand Burberry BRBY.L to "overweight" from "equal-weight"

** Says Burberry is an attractive self-help play in 2026, fewer reasons to be cautious on turnaround

** Brokerage raises PT to 1,450p from 1,340p, a nearly 23.6% upside to stock's last close on Monday

** "The brand was able to report a second consecutive quarter of positive retail comps in fiscal Q3 (despite particularly tough comps), which we view as a clear sign that the Burberry Forward strategy is working"- Barclays

** BRBY marginally up at 1,179p

** 21 analysts, on avg, rate BRBY "buy"; median PT 1,450p - data compiled by LSEG

** As of last close, stock is up about 4% in the past 12 months

(Reporting by Akriti Shah in Bengaluru)

((akriti.shah@thomsonreuters.com))

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