Burberry Gets a Buy Rating From Citi for First Time in 17 Years
This article is for subscribers only.
A Burberry Group Plc analyst who’s had a neutral rating on the struggling luxury-goods stock since the Global Financial Crisis has turned positive for the first time since 2008.
Citigroup Inc.’s Thomas Chauvet upgraded his recommendation to buy on Thursday, saying that “potential rewards now outweigh the risks.” Burberry shares rose as much as 4%.