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Fly News Breaks for December 2, 2015
DECK
Dec 2, 2015 | 06:12 EDT
Brean Capital analyst Eric Tracy lowered his price target for Deckers Outdoor to $63 after attending the UGG fall 2016 product review. There was much to like in the Fall product lineup, but Deckers needs weather to improve into the Holiday to deliver on Q3, Tracy tells investors in a research note. Continued unseasonably warm weather could linger past Q3 as retailers typically determine FY17 pre-orders on holiday sell through, the analyst writes. He views the risk/reward on Deckers shares as compelling despite lowering his estimates for the company. Tracy keeps a Buy rating on the name.
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