Hugo Boss shares saw a significant increase of almost 5% to 34.22 euros after receiving a buy recommendation from UBS. This followed a notable decline of over 18% in the previous week, which marked the stock's lowest point since early 2021.

The stock showed signs of stabilization on Monday as it began to recover from its recent lows. UBS analyst Susy Tibaldi suggested that the downward revisions for the fashion group may have reached their limit and predicted a potential revaluation of the shares in 2025. Consensus earnings per share have decreased by more than a third since the beginning of the year, but there are expectations for a rebound in consumer spending next year, which could have a positive impact on the stock's performance.

As a result, the analyst upgraded the stock rating from "neutral" to "buy," reflecting a more optimistic outlook for Hugo Boss.