Burberry Group PLC
BRBY: XLON (GBR)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
GBX 2,255.00 | Gywpg | Jjmjfcf |
Burberry Hires New Chief Creative Officer With Strong Track Record; Shares Attractive
We are retaining our fair value estimate for narrow-moat Burberry following the generally anticipated appointment of Daniel Lee as chief creative officer. We view shares as attractive at current levels, trading at a 20% discount to our fair value estimate in 4-star territory.