Italy’s Moncler (MONRY) is not in discussions to acquire Burberry (BURBY), despite a report by Britain’s Mail that a bid was imminent, Reuters’ Helen Reid and Elisa Anzolin report, citing four sources close to the matter. Burberry will report half-year earnings on Thursday, with new CEO Joshua Schulman anticipated to announce a strategy update along with it, the authors note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MONRY:
- Moncler price target lowered to EUR 63 from EUR 66 at Citi
- Moncler price target lowered to EUR 59 from EUR 60 at Barclays
- Moncler price target lowered to EUR 55 from EUR 60 at JPMorgan
- Moncler price target lowered to EUR 55 from EUR 56 at Deutsche Bank
- Moncler price target lowered to EUR 52 from EUR 56 at Morgan Stanley
Questions or Comments about the article? Write to editor@tipranks.com