4 September 2024 - trading buy
Shares in the luxury retailer have fallen to a new low following the overall market weakness and poor sales being reported by other European luxury retail groups. The company is also set to be ejected from the FTSE 100 Index at the next quarterly review. Most companies see a rebound in their share price following such an ejection and we feel that Burberry will be no different. We believe the share price fall has been overdone and that the shares are a TRADING BUY with a share price target of 700p representing a . . .
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