Hugo Boss shares experienced a period of stabilization after receiving a buy recommendation from UBS. This led to a 5% rebound in the stock, which reached €34.22.

The shares had previously declined by over 18% in the previous week, reaching their lowest point since early 2021. Analyst Susy Tibaldi suggested that the downward trend in earnings estimates for the fashion group may be coming to an end, as private consumer spending is expected to recover in the upcoming year.

The consensus forecast for earnings per share has dropped by more than a third since the beginning of the year, prompting UBS to upgrade its rating on the shares from "Neutral" to "Buy."