Hugo Boss shares experienced a recovery on Tuesday, rising by almost 5 percent to reach 34.22 euros, following a buy recommendation from UBS.

Analyst Susy Tibaldi from UBS suggested that the shares may be ready for revaluation, indicating that the downward trend in 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 an expected increase in private consumer spending next year could provide a boost.

UBS has upgraded its rating on Hugo Boss from "Neutral" to "Buy," reflecting a more positive outlook for the company's future performance.