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Fly News Breaks for May 29, 2015
DECK
May 29, 2015 | 08:15 EDT
Susquehanna noted Q4 results for Deckers Outdoor showed softer than expected backlog, but said they still like the risk/reward in the stock. The firm cited improving trends in both core and non-core styles, the potential for further stock buybacks and attractive valuation. Susquehanna reiterated its Positive rating and lowered its price target to $83 from $86 on Deckers Outdoor shares.
News For DECK From the Last 2 Days
DECK
Apr 25, 2024 | 12:09 EDT
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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.
