Burberry: Historically Cheap Amid Macro Headwinds (Rating Upgrade)

Jared Siskin/Getty Images Entertainment Shares of luxury fashion retailer Burberry (OTCPK:BURBY)(OTCPK:BBRYF) have fallen sharply since I last covered the company back in the summer, with the ADSs delivering a stinging negative 32% total return in that time amid a sharp deceleration in sales growth. Data by YCharts Downgrading to Hold at the time, I felt that macro factors might weigh on the company in the near term. Furthermore, Burberry's relative position in the sector means it is likely to underperf ...