BofA analyst Ashley Wallace downgraded Hugo Boss to Underperform from Buy. The firm does not believe luxury stocks will trade at fair value in the near term given weak revenue and earnings momentum. “Muted” luxury sector revenue growth will likely continue into 2025, leading to margin pressure and earnings risk, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BOSSY: