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.
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