UBS last week downgraded Burberry from neutral to sell after the upscale fashion group’s stock rose by 30 per cent the previous week.Burberry posts fourth-quarter sales next week and finals in May. “If there is no positive surprise with the trading update, we think the stock may come under pressure,” warned UBS analyst Yasuhiro Yamaguchi.The broker said potential positives might include market share gains and a favourable fore
17 April 2009
Burberry downgraded after rally
UBS last week downgraded Burberry from neutral to sell after the upscale fashion group’s stock rose by 30 per cent the previous week.Burberry posts fourth-quarter sales next week and finals in May. “If there is no positive surprise with the trading update, we think the stock may come under pressure,” warned UBS analyst Yasuhiro Yamaguchi.The broker said potential positives might include market share gains and a favourable fore
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment