Burberry's Sell rating has been reiterated by UBS, with a target price of 410 pence, in light of reports that Moncler is considering a bid for the luxury brand.
The decline in Burberry's value over the past year has been noted, along with ongoing restructuring challenges and a lack of clear strategic direction.
UBS advises investors to sell the stock and remains cautious about Burberry's prospects in the current market environment.