Editor
Brokerages including J.P. Morgan and Goldman Sachs have started coverage on Birkenstock, with most of them assigning their top ratings as they bank on brand loyalty and easing supply chain issues at the German luxury sandal maker.
Birkenstock made its New York Stock Exchange debut last month at $41, below its initial public offering price. The company priced its IPO at $46 per share, in the middle of its indicated price range.
The IPO had…
