Fly News Breaks for May 21, 2019
May 21, 2019 | 08:29 EDT
As previously reported, BofA Merrill Lynch analyst Rafe Jadrosich upgraded Deckers Brands to Buy from Neutral as he sees upside to the consensus EPS view given the strength of the Hoka brand and the company's stock buybacks. Jadrosich, who forecasts double-digit average EPS growth over the next two years, noted that his FY20 and FY21 EPS estimates for Deckers are roughly 6% and 13% ahead of consensus, respectively. He raised his price target on Deckers shares to $180 from $150.
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