Hugo Boss has received an upgrade in its rating from UBS, going from "Neutral" to "Buy." The price target has also been increased from 41 euros to 49 euros.
Analyst Susy Tibaldi believes that the company will experience a revaluation in 2025, indicating that the period of declining profit estimates will come to an end. This positive outlook for the luxury fashion brand was published on Tuesday.
UBS's analysis of market trends and company performance suggests confidence in Hugo Boss's future growth potential. This change in rating may be significant for investors, as it indicates a more favorable investment climate for the brand going forward.