Ticker: BRBY.L

Burberry (LON: BRBY) shows signs of recovery as CEO Josh Schulman implements a brand transformation, including cost-cutting and expanded offerings. A 63% stock surge and improved sales forecasts suggest positive momentum, capturing investor optimism in luxury fashion.

Morgan Stanley upgrades LVMH to Overweight, citing improved prospects despite challenges ahead. Strong US demand and potential rebounds in China boost optimism, with a target price of €820. Traders should stay cautious amid upcoming risks.