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Fly News Breaks for May 27, 2016
DECK
May 27, 2016 | 07:15 EDT
Jefferies analyst Randal Konik says he sees "encouraging signs" in Deckers Brands' Q4 earnings report, namely "solid unit sales for the UGG brand and only a modest decline in backlog." The analyst sees better days ahead for the company, as demand for the brand "remains healthy" and more normalized weather will be positive. He keeps a Buy rating on the shares with a $75 price target.
News For DECK From the Last 2 Days
DECK
Apr 25, 2024 | 16:29 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
DECK
Apr 25, 2024 | 12:09 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
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.
