Hugo Boss: Oddo cuts target price

(CercleFinance.com) - In a report issued on Friday, Oddo has reduced its target price for the Hugo Boss stock from 74 euros to 70 euros, maintaining its "neutral" rating.


The broker reacted to the publication of annual accounts that are marked by a slightly disappointing Ebitda and accompanied by a new disappointing guidance - both in terms of sales and profitability.

There still needs to be a clean-up in terms of distribution, Oddo summarises, which has also reduced its EPS estimates for 2018 and 2019 by 9% and 10%, respectively.


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