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14 May 2021
BURBERRY: Some disappointment on short term, but more confident for medium term | SELL | 1800P VS. 1710P (-14%)

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BURBERRY: Some disappointment on short term, but more confident for medium term | SELL | 1800P VS. 1710P (-14%)
Burberry Group plc (BRBY:LON) | 1,245 -118.3 (-0.8%) | Mkt Cap: 4,473m
- Published:
14 May 2021 -
Author:
Loic Morvan -
Pages:
3 -
BURBERRY - SELL | 1800P VS. 1710P (-14%)
Some disappointment on short term, but more confident for medium term
Once again, momentum in US is quite encouraging
Gross margin drove EBIT margin improvement
Some pressure on FY22 margin, but more confident on medium term
Sell recommendation reiterated