Telsey Advisory analyst Dana Telsey lowered the firm’s price target on Birkenstock (BIRK) to $60 from $70 and keeps an Outperform rating on the shares. The company reported a “solid” Q4, with underlying demand remaining health despite an uncertain macro environment, the analyst tells investors. The firm believes Birkenstock can continue to win in the marketplace through the competitive advantage of its high-end lifestyle positioning.
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