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Fly News Breaks for May 28, 2015
DECK
May 28, 2015 | 07:43 EDT
Canaccord said the risk/reward for Deckers Outdoor is biased to the upside, citing expectations for higher fall orders due to the extended winter weather that cleared out inventories, growth in e-commerce, and momentum in non-classic UGG categories. Canaccord reiterated its Buy rating and $84 price target on Deckers Outdoor shares.
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Apr 25, 2024 | 16:29 EDT
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Apr 25, 2024 | 12:09 EDT
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Apr 25, 2024 | 09:44 EDT
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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.
