TD Cowen lowered the firm’s price target on Deckers Outdoor (DECK) to $124 from $125 and keeps a Buy rating on the shares. The firm said shares are getting harder to defend as consensus estimates are too high but valuation is awfully cheap. 2Q was led by Wholesale +13% and International +29%. 2H implied revenue guidance for UGG to decline with HOKA guidance implying low-teens growth in 2H.
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 price target lowered to $117 from $127 at Stifel
- Deckers Outdoor price target lowered to $115 from $137 at Raymond James
- Deckers Outdoor price target lowered to $125 from $150 at Baird
- Deckers Outdoor price target lowered to $113 from $128 at Needham
- Buy Recommendation for Deckers Outdoor: Strong Q2 Performance and Growth Potential Amid Conservative Guidance