Burberry upgraded to Buy from Hold at Deutsche Bank

Deutsche Bank analyst Adam Cochrane upgraded Burberry (BURBY) to Buy from Hold with a price target of 1,180 GBp, up from 860 GBp. After two years of luxury underperforming retail and sporting goods, the firm sees this changing as the 2025 progresses. It sees the shift in the second half of the year as “earnings momentum and sentiment is paramount.”