Birkenstock price target lowered to $57.90 from $59.10 at Goldman Sachs

Goldman Sachs lowered the firm’s price target on Birkenstock (BIRK) to $57.90 from $59.10 and keeps a Neutral rating on the shares. The company reported “robust” Q4 earnings that confirm its strong brand momentum, while margins surprised positively and drove earlier operating leverage vs. prior expectations, the analyst tells investors in a research note. The firm adds however that it will continue to monitor channel feedback with the view that the next potential catalyst will be the performance in the seasonally largest periods of the year, also noting that the management’s outlook for FY25 was “modestly light”.