Hugo Boss: Aurel BGC still a seller, but ups target price.
(CercleFinance.com) - Aurel BGC maintains its "sell" rating on the Hugo Boss stock and has raised its target price from 55 euros to 60 euros, after updating its valuation model for the German upmarket clothing group.
This includes new estimates for 2017-19, which on average have been raised by 3%, as well as normative growth and EBITDA margin assumptions which are slightly less conservative given the recent improvement in market conditions.
According to the broker, the stock's current valuation already largely prices in the success of its new action plan. However, it still believes that the group has many challenges ahead, in addition to the risks of implementing the group's new strategy in the next few months.
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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.
This includes new estimates for 2017-19, which on average have been raised by 3%, as well as normative growth and EBITDA margin assumptions which are slightly less conservative given the recent improvement in market conditions.
According to the broker, the stock's current valuation already largely prices in the success of its new action plan. However, it still believes that the group has many challenges ahead, in addition to the risks of implementing the group's new strategy in the next few months.
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.