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18 Sep 2020
BURBERRY: Recommendation downgraded to sell. Poor product and channel mix | SELL vs. NEUTRAL | 1640p vs. 1580p (+2%)

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BURBERRY: Recommendation downgraded to sell. Poor product and channel mix | SELL vs. NEUTRAL | 1640p vs. 1580p (+2%)
Burberry Group plc (BRBY:LON) | 1,182 0 0.0% | Mkt Cap: 4,245m
- Published:
18 Sep 2020 -
Author:
Loic Morvan -
Pages:
3 -
BURBERRY - SELL vs. NEUTRAL | 1640p vs. 1580p (+2%)
Recommendation downgraded to sell. Poor product and channel mix
Retail sales down almost 50% in Q1
Not optimal product and channel mix
Despite significant savings, EFY21 EBIT margin down 220bp
Sell recommendation after recent rally