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Posted by
Two Blokes Jul 28 -
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Citi has lifted its price target on Burberry Group PLC (LSE:BRBY) to £16, up from £12.50, citing growing signs that the British luxury brand's turnaround plan is starting to gain traction under chief executive Jonathan Akeroyd and newly appointed creative director Daniel Lee. The broker kept its ‘Buy' rating and upgraded earnings forecasts slightly across the next three financial years, following a third straight quarter of improvement in like-for-like retail sales.
