Seaport Research downgraded Deckers Outdoor to Neutral from Buy without a price target The firm says as less Hoka and Ugg momentum suggests less upside potential for the shares. Per Google Trends, Hoka and Ugg didn’t have the same momentum in the U.S. for back-to-school this year, the analyst tells investors in a research note. Regarding Hoka, Seaport believes that other brands, Asics and Brooks in particular, are beginning to claw back lost market share.
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