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Fly News Breaks for November 30, 2015
DECK
Nov 30, 2015 | 06:43 EDT
Piper Jaffray analyst Erinn Murphy lowered her estimates for Deckers Outdoor after observing more UGG promotions over the Thanksgiving weekend relative to last year. Murphy cut her price target for the Deckers to $55 from $63 and keeps a Neutral rating on the name.
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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.
