Hugo Boss: in the red on broker downgrade

(CercleFinance.com) - Hugo Boss is down 1% in Frankfurt, penalized by comments from Stifel, which downgraded its recommendation from 'buy' to 'hold' on the German fashion house's shares, with a price target reduced from 56 to 40 euros.


The share looks very cheap, but lacks the catalysts for a re-rating, while things may get worse before they get better", judged the broker, who reduced his EPS estimates by 15% for 2024 and 20% for 2025.

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