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HSBC downgrades Burberry to 'hold', slashes price target

By Michele Maatouk

Date: Wednesday 09 Sep 2026

(Sharecast News) - HSBC downgraded Burberry on Wednesday to 'hold' from 'buy' and slashed the price target to 1,200p from 1,350p as it took a look at global luxury goods.
The bank said Burberry's turnaround has progressed well, but there is not much scope for upwards sales and earnings revisions from...

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