BURBERRY : Deutsche Bank lowers its target price
As 'investors became increasingly frustrated with performance and looked for a change in strategic direction', the broker expects this to start with a gentle shift, followed by a more significant change over time.
Burberry has made a wise strategic choice in retaining Daniel Lee as creative designer", he adds, praising the first clean stylistic changes, more accessible prices and a focus on areas where the Burberry brand is authoritative.
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