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Fly News Breaks for July 24, 2018
DECK
Jul 24, 2018 | 08:44 EDT
Susquehanna analyst Sam Poser previewed Deckers Brands Q1 results, which are scheduled for release later this week, and he concludes the company's guidance may have been a little too aggressive. He noted the company is rationalizing UGG wholesale distribution, which should not negatively impact revenues, but he believes elevated inventories could put gross margins at risk. Poser reiterated his Negative rating and $85 price target on Deckers Brands shares.
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