Hugo Boss shares experienced a rebound on Tuesday, increasing by almost 5 percent to 34.22 euros after receiving a buy recommendation from UBS.

This followed a significant decline of over 18 percent in the previous week, which marked the stock's lowest point since early 2021. The stabilization began on Monday at these reduced levels.

UBS analyst Susy Tibaldi suggested that a revaluation of the shares may be on the horizon, indicating that the downward revision of earnings estimates for the fashion group could be coming to an end. The consensus forecast for earnings per share has decreased by more than a third since the beginning of the year, but there are expectations for a recovery in private consumer spending in the upcoming year. Consequently, UBS upgraded its rating on the shares from "Neutral" to "Buy."