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Fly News Breaks for March 12, 2018
DECK
Mar 12, 2018 | 05:13 EDT
Pivotal Research analyst Mitch Kummetz downgraded Deckers Brands to Neutral and lowered his price target for the shares to $108 from $122. The stock's risk/reward no longer appears favorable, Kummetz tells investors in a research note. The analyst sees a favorable setup for Deckers' Q4 results but it not as bullish on the company's wholesale prospects in fiscal 2019 as before. The shares are not best owned following a good winter season, he contends.
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