Bernstein lowered the firm’s price target on Birkenstock (BIRK) to $55 from $63 and keeps a Market Perform rating on the shares. The firm says the company is facing “significant headwinds” in fiscal 2026. Birkenstock has guided to 200 basis points of gross margin headwinds, which, when combined with a higher expected tax rate, effectively halves the earnings contribution of any sales growth, the analyst tells investors in a research note.
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