Stifel raised the firm’s price target on Birkenstock (BIRK) to $70 from $62 and keeps a Buy rating on the shares. Fiscal Q2 showcased strong execution, says the analyst, who adds that the strength “stands out against an uneven consumer backdrop” and views Birkenstock as well-positioned to navigate a challenging environment compared to peers.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BIRK:
- Birkenstock price target raised to $70 from $65 at Baird
- Birkenstock price target raised to $73 from $70 at BofA
- Birkenstock Holding plc: Strong Sales Growth and Strategic Positioning Justify Buy Rating
- Birkenstock Holding Reports Strong Revenue and Profit Growth
- Birkenstock’s Earnings Call: Record Growth Amid Challenges
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue