HUGO BOSS shares experienced a significant increase in value after receiving an upgrade from UBS. The rating was upgraded from "Neutral" to "Buy," and UBS also raised its price target for the stock from 41 to 49 euros.
Analyst Susy Tibaldi predicts a revaluation in 2025, indicating that the period of declining profit estimates for the company is coming to an end. HUGO BOSS shares on XETRA trading rose by 3.19 percent, reaching a price of 33.64 euros.
This positive outlook reflects growing confidence in the brand's future performance amidst market challenges. The upgrade and revised price target suggest a potential turnaround for investors considering HUGO BOSS's long-term prospects.