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Fly News Breaks for August 6, 2019
BURBY
Aug 6, 2019 | 07:09 EDT
As previously reported, Bernstein analyst Luca Solca downgraded Burberry to Underperform from Market Perform, while raising its price target for the shares to GBP18.50 from GBP17.80. The analyst believes the prospects for global luxury goods demand seem to be "darkening," as the U.S. administration escalates the international trade confrontation with China, the Chinese weaken the CNY, Chinese consumers trends plateau, and Hong Kong upheaval continues.
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