UBS has given Hugo Boss a 'Neutral' rating and set a target price of 41 euros after the company's third-quarter results.
According to analyst Zuzanna Pusz, the fashion group slightly exceeded expectations, but the overall quality of the results was considered to be low. This assessment suggests that there may be profit-taking in the stock.
The report was published on November 5, 2024, at 07:04 GMT, indicating the bank's cautious stance on the stock despite the positive earnings surprise. Investors should take into account the implications of the results' quality when evaluating their positions in Hugo Boss.