Stifel analyst Peter McGoldrick lowered the firm’s price target on Birkenstock (BIRK) to $56 from $58 and keeps a Buy rating on the shares. The firm is trimming estimates ahead of the fiscal Q2 report to reflect more difficult consumer trends in Europe and regional conflict in the Middle East, the analyst tells investors.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BIRK: