Hugo Boss: Deutsche Bank lowers target price
(CercleFinance.com) - Deutsche Bank confirms its 'buy' recommendation on Hugo Boss shares, while lowering its target price from E76 to E70, appreciating the structural investment case, but judging that the short-term outlook remains difficult for the group.
We think that Hugo Boss's communication has been very consistent since the first-quarter release, but have had the impression that the negative elements of the comments have been highlighted a little more recently, the broker explains.
In addition, it noted that the German clothing house had to become a little more promotional during June, as large parts of the product range were discounted for most of the month.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.
We think that Hugo Boss's communication has been very consistent since the first-quarter release, but have had the impression that the negative elements of the comments have been highlighted a little more recently, the broker explains.
In addition, it noted that the German clothing house had to become a little more promotional during June, as large parts of the product range were discounted for most of the month.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.