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Fly News Breaks for May 20, 2015
FL, DECK
May 20, 2015 | 08:42 EDT
Goldman says to buy Deckers Outdoor (DECK) and sell Foot Locker (FL) ahead of Q1 earnings. The firm views Deckers calendar miss as transient and has confidence it will deliver given the strong sell-through in the latter part of the winter and favorable Q1 weather conditions. Goldman remains cautious on Foot Locker due to cyclical risks that include resale market fatigue, an elongated basketball cycle, the shift towards casual athletic, weak running, and mature store foot print.
News For DECK;FL From the Last 2 Days
DECK
Apr 25, 2024 | 16:29 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
DECK
Apr 25, 2024 | 12:09 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
DECK
Apr 25, 2024 | 09:44 EDT
DECK
Apr 25, 2024 | 06:08 EDT
As previously reported, BofA downgraded Deckers Outdoor to Neutral from Buy with a price target of $860, down from $875, as the firm sees a better risk/reward elsewhere in the analyst's coverage. The firm is "not making a call that near-term trends at UGG and HOKA are breaking," it does note that expectations are high and expresses cautiousness that a softer-than-expected margin outlook could temper the pace of upward earnings revisions.
