Hugo Boss: Stifel maintains buy rating, raises TP

(CercleFinance.com) - Stifel reinstates its "buy" rating on Hugo Boss shares, nudging up its target price for them from 67 euros to 68 euros (current price about 56.
5 euros, -0.5%), after the German clothing house pre-announced its second quarter results last week.

The release leads the broker to raise its revenue projections for Hugo Boss by 4% for 2022 and by 2% for 2023, as well as its EBIT estimates by 8% and 3% respectively for these years.

"Hugo Boss offers self-help growth attributes that should enable the company to decouple from market trends this year, in our view," said Stifel, which reinforces its Buy thesis on the stock.



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