Hugo Boss: UBS downgrades stock

(CercleFinance.com) - UBS today downgrades Hugo Boss shares from 'buy' to 'neutral' with a target price slashed from E82 to E57 (cp: E52, -1%), with its new TP leaving only 10% upside potential for the German upmarket clothing house's stock.


"Increasingly challenging industry context may put margin targets at risk, despite the continued outperformance of BOSS vs. peer", the broker warns in its summary.


Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.