BofA raised the firm’s price target on Deckers Outdoor (DECK) to $122 from $120 and keeps a Neutral rating on the shares. The firm, which thinks near-term EPS momentum is offset by the potential for peak EBIT margins this year and elevated competition in running footwear, is increasing its FY25 and FY26 EPS forecasts by 1% each to reflect better sales.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% 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:
- Why Stock Bargain-Hunting for Sportswear Ends With NKE, LULU, and DECK
- Deckers, Credo, Crispr, AeroVironment, Abercrombie: Trending by Analysts
- Buy/Sell: Wall Street’s top 10 stock calls this week
- ‘Time to Buy Again,’ Says RBC as It Upgrades Nike (NKE) Stock Ahead of Q1
- Target initiated, Nike upgraded: Wall Street’s top analyst calls