Deckers Outdoor price target lowered to $105 from $145 at Truist

Truist lowered the firm’s price target on Deckers Outdoor (DECK) to $105 from $145 but keeps a Buy rating on the shares. The stock fell after earnings as Q2 results fell short of investor expectations with total-company domestic sales and DTC sales both down y/y, the analyst tells investors in a research note. The management also provided FY26 guidance that came in modestly below the rough framework they talked about in Q1, though based on the company’s historically conservative cadence, there are opportunities to outperform, Truist added.