FRANKFURT (dpa-AFX Broker) - After last week's heavy losses at Hugo Boss, a buy recommendation from UBS stabilized the share price on Tuesday. It gained just under 5 percent to 34.22 euros. In the previous week, the shares had slumped by a good 18 per cent to a low since the beginning of 2021. On Monday, they began to stabilize at a low level.

Looking ahead, the shares could experience a revaluation, wrote analyst Susy Tibaldi from UBS. The lowering of estimates for the fashion group could come to an end. The consensus forecast for earnings per share has fallen by more than a third since the beginning of the year. Private consumer spending is likely to pick up again in the coming year. The expert raised the shares from "Neutral" to "Buy"./bek/nas