Hugo Boss: Commerzbank cuts target price after results
(CercleFinance.com) - Commerzbank maintains its "buy" rating on Hugo Boss shares, although has it cut its target price from 88 euros to 84 euros, after the German fashion house unveiled a profit outlook for 2018 that was below expectations on higher investment.
The 2018 EBITDA target is some 3% below consensus due to digital investment and currency headwinds, the brokerage firm wrote in a report.
"However, major key performance indicators (KPIs) such like-for-like growth and wholesale growth are moving in the right direction," Commerzbank says.
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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.
The 2018 EBITDA target is some 3% below consensus due to digital investment and currency headwinds, the brokerage firm wrote in a report.
"However, major key performance indicators (KPIs) such like-for-like growth and wholesale growth are moving in the right direction," Commerzbank says.
Copyright (c) 2018 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.