BofA analyst Lorraine Hutchinson lowered the firm’s price target on Birkenstock (BIRK) to $60 from $73 and keeps a Buy rating on the shares. Management gave 2026 revenue guidance of 13%-15% constant currency growth, which was below its mid- to high-teens target due to capacity constraints. However, as capacity ramps and demand remains robust, the firm expects stronger sales to lead to multiple expansion, the analyst tells investors.
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