Hugo Boss: Invest Securities raises target price
(CercleFinance.com) - Invest Securities maintains its "buy" rating on the Hugo Boss share, having boosted its target price to 33.
5 euros, vs. 28.4 euros previously, thanks to what analysts say is a decline in the risk premium (-0.9 point) since the beginning of November.
Since its last update on 3 November, the share has risen by 31%, boosted by the announcement of Covid vaccines, underlining the share's sensitivity to good news given its valuation, analysts say.
While trimming their estimates slightly, to take account of longer-than-expected health restrictions in Europe, the analyst believes that the group's recovery could be enhanced by the appointment of a new CEO in June 2021.
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