Birkenstock price target raised to $72 from $65 at Baird

Baird analyst Mark Altschwager raised the firm’s price target on Birkenstock (BIRK) to $72 from $65 and keeps an Outperform rating on the shares post the fiscal Q4 report The company delivered an 4% and 8% sales and EBITDA beat, respectively, on steady brand momentum and execution, the analyst tells investors in a research note. The firm says continued confidence in the growth trajectory supports an attractive setup for the shares into 2025.