Hugo Boss: Commerzbank raises target price.
(CercleFinance.com) - Commerzbank reinstates its "buy" recommendation on the Hugo Boss share and is raising its target price from 80 euros to 83 euros, in the wake of increases in its 2018-19 sales and EBITDA estimates for the German clothing company.
"Despite restructuring measures seeing first signs of progress, sentiment for the Hugo Boss share is still negative," the broker states, which believes that the market is underestimating the growth coming from BOSS casualwear and the HUGO label.
Commerzbank adds that peer publications suggest that market conditions in China and the US have improved, and has increased its sales and EBITDA assumptions by 2% for 2018-19, which are now 2% above the consensus.
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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.
"Despite restructuring measures seeing first signs of progress, sentiment for the Hugo Boss share is still negative," the broker states, which believes that the market is underestimating the growth coming from BOSS casualwear and the HUGO label.
Commerzbank adds that peer publications suggest that market conditions in China and the US have improved, and has increased its sales and EBITDA assumptions by 2% for 2018-19, which are now 2% above the consensus.
Copyright (c) 2017 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.