Goldman Sachs Downgrades Birkenstock Holding to Neutral, Raises Price Target to $58
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Louise Singlehurst has downgraded Birkenstock Holding (NYSE:BIRK) from Buy to Neutral while raising the price target from $54.2 to $58.
June 12, 2024 | 9:31 am
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NEUTRAL IMPACT
Goldman Sachs has downgraded Birkenstock Holding from Buy to Neutral, but raised the price target to $58.
The downgrade from Buy to Neutral suggests a less optimistic outlook on Birkenstock's stock performance, which could lead to a neutral short-term impact. However, the raised price target to $58 indicates some positive expectations, balancing the overall effect.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100