(CercleFinance.com) – While maintaining its ‘hold’ advice on Burberry, Stifel lowers its price target from 1,400 pence to 1,300 pence, in the wake of an 8% reduction in its 2024-25 EBIT forecast for the British luxury house.
‘More cautious luxury consumer behavior makes the creative transition and the path to elevation of the Burberry brand more difficult’, judges the broker, which expects growth for 2025 ‘biased towards the second half’.
“The valuation appears undemanding, but the stock is unlikely to recover until management provides the evidence of reaccelerating sales growth that investors are expecting,” he adds.
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