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Fly News Breaks for April 26, 2017
DECK
Apr 26, 2017 | 08:42 EDT
Baird analyst Jonathan Komp noted Deckers Brands confirmed it is exploring strategic alternatives, which may involve a sale of the company. The review overlaps the involvement of two activist investors and previously announced cost savings initiatives, said Komp, who believes the stock may already be reflecting a meaningful premium in anticipation of a potential deal and as a result would avoid chasing the shares at current levels. Komp raised his price target to $67 from $53 on Deckers Brands shares but maintains a Neutral rating on the stock.
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