BTIG analyst Janine Stichter lowered the firm’s price target on Birkenstock (BIRK) to $65 from $72 and keeps a Buy rating on the shares following a “mixed” Q4 and FY26 outlook. While underlying demand remains strong, Birkenstock faces a confluence of headwinds hitting top-line and margin, the firm told investors in a research note. BTIG continues to expect double-digit percentage pair growth and views the company as one of few companies “uniquely capable” of delivering consistent double-digit percentage top-line gains.
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