Hugo Boss: UBS still a buyer; adjusts target
(CercleFinance.com) - On Friday morning UBS confirmed its buy rating on the Hugo Boss share, even though it was sanctioned by the market on announcing its full-year results yesterday.
The broker has trimmed its 12-month target price from 84 euros to 82 euros, meaning upside potential of 30%.
Analysts say that they are "surprised" by the extent of the 6.5% fall in the Hugo Boss stock yesterday, as the forecast of operating income growth of up to 10% in 2019 is in their opinion credible.
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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 broker has trimmed its 12-month target price from 84 euros to 82 euros, meaning upside potential of 30%.
Analysts say that they are "surprised" by the extent of the 6.5% fall in the Hugo Boss stock yesterday, as the forecast of operating income growth of up to 10% in 2019 is in their opinion credible.
Copyright (c) 2019 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.