Piper Sandler raised the firm’s price target on Birkenstock to $61 from $56.50 and keeps an Overweight rating on the shares. Birkenstock’s Q1 results underscore the strength of the brand, product, and distribution strategy, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on BIRK:
- Notable companies reporting before tomorrow’s open
- CROX, BIRK, SKX: Which Footwear Stock Can Run the Most?
- Soros buys Birkenstock and Merck, exits LPL Financial and General Motors
- Short Report: Bears squeeze MicroStrategy as shares track bitcoin higher
- Short Report: Bears reduce exposure to Celsius Holdings
