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Burberry Group plc (BURBY) [hlAlert]

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Burberry Group plc (BURBY) rated Overweight by HSBC Securities

Posted on: Tuesday,  Jul 2, 2013  8:25 AM ET by HSBC Securities

Burberry Group plc
(OTCBB: BURBY) rated Overweight by HSBC Securities.

Burberry Group plc, through its subsidiaries, designs, sources, manufactures, and markets luxury clothing and non-apparel accessories for men, women, and children primarily in Europe, the Americas, and the Asia Pacific. Its products include outerwear, casual wear, fragrances, eyewear, timepieces, shoes, handbags, small leather goods, scarves, shoes, belts, and jewelry. The company also licenses third parties to manufacture and distribute products using the Burberry trademarks; sells its products to department stores, specialty retailers, and its franchisees on a wholesale basis; operates mainline stores, concessions within department stores, and outlets; and offers its products through digital commerce channels. As of June 30, 2011, it had 181 retail stores, 197 concessions, 45 outlets, and 52 franchise stores. The company was founded in 1856 and is headquartered in London, the United Kingdom.

HSBC has refined and refocused its Global Equities organisation, creating a lean and flexible business model built to meet the needs of global issuers and investors today and in the future. Acknowledging the changing demands of clients, we have also refined our research model, moving away from traditional maintenance to focus on long term, thematic research (a two-year-plus horizon) combined with short term (zero to three months), real-time, actionable ideas both for companies and sectors.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/2/2013 8:25 AM Buy
as of 12/13/2013
1 Week   
1 Month   
3 Months   
1 YTD   

(*) Stock Price at the time of the recommendation.
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