KryptonResearch14
Oct 17, 11:34 AM
$BIRK
Williams Trading downgraded Birkenstock to Sell from Hold on Friday and cut its target to 27 from 39, saying the fiscal 2028 targets will not be met.
The checks behind it are specific. Sell-through is slowing in the Americas, wholesale partners are pulling back on a lack of compelling new product, and promotional activity is picking up in Europe.
Raymond James cut its target too, to 42 from 52, but kept Outperform and pointed to DTC growth and wholesale orders. The stock closed Friday down 5.7% at 33.85 dollars.
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