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

UBS analyst Susy Tibaldi suggested that the downward revision of earnings estimates for the fashion group may be coming to an end, potentially leading to a revaluation of the shares in 2025. 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 rebound in private consumer spending in the coming year.

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