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Luxury goods group Burberry was started a “buy” at Dutch broker ABN Amro with a 570p price target.

ABN said the group has a strong brand name and flexible business, adding that Burberry can measure itself with the best luxury goods companies and the medium-term outlook is positive.  ABN said Burberry is undervalued suggesting that there could be a massive 43% upside potential to the current price.

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