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Fly News Breaks for March 17, 2016
DECK
Mar 17, 2016 | 06:21 EDT
Jefferies analyst Randal Konik believes coming off the warmest winter on record positions Deckers Outdoor for a much better year ahead. The company's growth initiatives continue while input costs are decreasing, Konik tells investors in a research note. He believes the stock's risk/reward is skewed to the upside and reiterates a Buy rating on the name with a $75 price target.
News For DECK From the Last 2 Days
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.
