Hugo Boss: UBS lowers its price target

(CercleFinance.com) - UBS remains neutral on the stock, but has lowered its target price to E38 (from E49).


The rapidly changing macroeconomic landscape, with falling consumer confidence in the US and EMEA, is creating short-term difficulties and limiting visibility", says UBS.

"Group sales should remain broadly stable year-on-year, at between 4.2 and 4.4 billion euros (-2% to +2%). EBIT will increase by between +5% and +22% to €380 million and €440 million. EBIT margin should grow to between 9.0% and 10.0%', said management.

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