Goldman Sachs downgraded Birkenstock to Neutral from Buy with a price target of $58, up from $54.20. The firm noted “strong” brand momentum, though recent strong performance leaves the shares fairly valued. Operating profitability ranks well compared to peers, though investment in production mutes margin in the near term, the analyst tells investors in a research note.
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Read More on BIRK:
- Birkenstock (NYSE:BIRK): Riding High on Momentum. Is It Overvalued?
- Birkenstock price target raised to $64 from $56 at JPMorgan
- Birkenstock price target raised to $60 from $54 at BMO Capital
- Birkenstock price target raised to $63 from $56 at Telsey Advisory
- Birkenstock price target raised to $63 from $54 at Evercore ISI
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