Birkenstock price target lowered to $62 from $70 at Stifel

Stifel analyst Jim Duffy lowered the firm’s price target on Birkenstock (BIRK) to $62 from $70 and keeps a Buy rating on the shares. The firm cut target prices “across the board” by an average of 18% across the analyst’s sports and lifestyle brands coverage to reflect the likelihood of tariff implementation and resulting influence on calendar year 2026 earnings power. The firm’s revised valuations considers a 10% blanket tariff rate, with 60% for goods sourced from China, the analyst tells investors.