Needham analyst Tom Nikic lowered the firm’s price target on Deckers Outdoor (DECK) to $150 from $246 and keeps a Buy rating on the shares ahead of its Q4 results. The firm remains bullish on the stock “at a high level” but also does not believe that its earnings will be a positive catalyst for shares, the analyst tells investors in a research note. Needham adds that Deckers’ conservative management team could provide guidance below sell-side consensus due to moderating growth at Hoka, normalizing markdown levels, and tariffs.
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