Deckers Outdoor price target lowered to $105 from $120 at Telsey Advisory

Telsey Advisory analyst Dana Telsey lowered the firm’s price target on Deckers Outdoor (DECK) to $105 from $120 and keeps a Market Perform rating on the shares. The company delivered better than expected quarterly results, the analyst tells investors. The firm maintains its rating due to softer implied 2H guidance, lagging direct-to-consumer channels, and slowing HOKA growth.