Hugo Boss has received an upgrade in its rating from UBS, going from "neutral" to "buy." The price target has also been increased from €41 to €49.
According to analyst Susy Tibaldi, there is an expectation of a revaluation for the fashion brand in 2025, indicating that the current period of lower earnings estimates will soon come to an end. UBS's upgrade reflects their confidence in Hugo Boss's potential for growth and improved financial performance in the future.
The recommendation was published on Tuesday, providing a positive outlook for investors considering the stock.