Hugo Boss: UBS still a buyer; adjusts target price
(CercleFinance.com) - UBS reinstates its "buy" recommendation on Hugo Boss, although has trimmed its target price for the share from 85 euros to 84 euros, which represents upside potential of 36% for the German upmarket clothing company.
The broker believes that the company still has an upbeat outlook for 2019, despite a difficult Q3, and it thinks that the constitution of inventory is surmountable, although UBS cuts its EPS estimate by 3%.
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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 broker believes that the company still has an upbeat outlook for 2019, despite a difficult Q3, and it thinks that the constitution of inventory is surmountable, although UBS cuts its EPS estimate by 3%.
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.