NEW YORK (dpa-AFX) - The Canadian bank RBC has lowered its price target for Hugo Boss from 60 to 59 euros, but left the rating at "Outperform". There is a risk of lower inventory valuations for the fashion group in the third quarter, analyst Manjari Dhar wrote in a study published on Monday. He therefore slightly reduced the earnings per share estimates for 2024 and 2025. However, Hugo Boss continues to gain market share and the current valuation seems very undemanding to him./bek/tih

Publication of the original study: 14.07.2024 / 17:42 / EDT

First dissemination of the original study: 15.07.2024 / 00:45 / EDT

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