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Fly News Breaks for May 27, 2016
DECK
May 27, 2016 | 06:24 EDT
Citi analyst Corinna Van der Ghinst downgraded Deckers Brands to Neutral saying the company's FY17 outlook is a disappointment. Further wholesale declines limit visibility and Deckers' exposure to department stores remains high, Van der Ghinst tells investors in a post-earnings research note. She cut her price target for the shares to $53 from $69.
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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.
