JPMorgan lowered the firm’s price target on Birkenstock (BIRK) to $66 from $81 and keeps an Overweight rating on the shares after hosting meetings with management. The firm models the company’s fiscal Q4 revenue growth and gross margin above consensus.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BIRK:
- Birkenstock’s Earnings Call: Record Growth Amid Challenges
- Birkenstock Holding plc Reports Strong Revenue Growth
- Strong Market Position and Financial Performance Drive Buy Rating for Birkenstock Holding plc
- Morning News Wrap-Up: Thursday’s Biggest Stock Market Stories!
- Birkenstock Shares (BIRK) Fall on Weak Guidance