FRANKFURT (dpa-AFX) - After Hugo Boss lowered its forecast, the company's shares are expected to hit a new low since 2021 on Tuesday morning. On the trading platform Tradegate, the shares lost a good 8 percent to almost 37 euros. This would bring the annual loss to 45 percent.

The experts at investment bank Oddo BHF withdrew their recommendation following the lowered forecast. Other analysts lowered their price targets. Although Boss continues to perform above average, it is not immune to the adverse environment, commented Zuzanna Pusz from UBS.

Chiara Battistini from JPMorgan expressed a similar view, seeing Boss as "another choir member" in the fragile consumer sector after the disappointments of Swatch and Burberry the day before./ag/jha/