Deutsche Bank rates Burberry Group (LSE:BRBY) as a Buy with a 1,480p price target, implying roughly 39% upside after the company's FY26 results.
Analyst Adam Cochrane says the investment case remains intact, arguing Burberry, the British luxury fashion house, is showing stronger underlying like‑for‑like (LFL) momentum that is translating into EBIT margin recovery driven by higher average unit revenues and "sustained brand heat", he adds.
The analyst highlights valuation at c.19x calendar‑2027 P/E and sees upside risk to earnings because consensus FY27 LFL is +5.8% versus Deutsche Bank's +6.6%.
DB trimmed its like-for-like assumptions slightly while increasing gross‑margin and marketing‑opex assumptions, so its FY27e adjusted EBIT rises c.+4% and FY28e falls c.-5%.
