Birkenstock price target raised to $73 from $70 at BofA

BofA analyst Lorraine Hutchinson raised the firm’s price target on Birkenstock (BIRK) to $73 from $70 and keeps a Buy rating on the shares. Following a beat on sales and margins in Q2, the firm is increasing its FY25 and FY26 EBITDA estimates by 4.8% and 3.5%, respectively, on better gross margins from cost improvements and pricing net of inflations, the analyst tells investors.