Guggenheim last night initiated coverage of Deckers Outdoor with a Neutral rating and no price target The firm cites valuation for the Neutral rating. It believes Deckers’ current valuation effectively reflects the company’s attractive profitability and growth prospects “as it rightfully deserves a premium to its peer group.” The company, with its Ugg and Hoka brands, is one of the leading omni-channel retailers in the footwear industry space, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DECK:
- Deckers Outdoor initiated with a Neutral at Guggenheim
- Deckers Outdoor price target raised to $205 from $204.17 at Truist
- Deckers Outdoor CFO sells $1.53M in common stock
- Deckers Outdoor downgraded to Neutral from Buy at Seaport Research
- Deckers Outdoor price target adjusted to $183 at Evercore ISI due to split