NEW YORK (dpa-AFX) - The Canadian bank RBC has lowered its price target for Hugo Boss from 70 to 66 euros, but left its rating at "Outperform". In anticipation of declining gross margins for the fashion group, he has reduced his earnings forecasts (EPS) for the years 2024 and 2025 by 5 to 7 percent, analyst Richard Chamberlain wrote in a study published on Monday. Despite the recently more difficult market environment in the premium apparel sector, Boss is relatively well positioned to gain market share, he said./edh/gl

Publication of the original study: 14.04.2024 / 18:50 / EDT First dissemination of the original study: 15.04.2024 / 00:45 / EDT

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