(CercleFinance.com) – Stifel reaffirms its ‘buy’ recommendation on Burberry with a price target revised to 2,500 pence, following the activity point of the British high-end clothing house for its first accounting quarter, last Friday.
The broker reduced its operating profit (EBIT) assumptions for the period 2024-26 by 3%, entirely due to a further strengthening of the pound sterling in July, resulting in a negative currency effect of -100 million pounds. on profit.
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