Deckers Outdoor price target lowered to $114 from $128 at BofA

BofA lowered the firm’s price target on Deckers Outdoor (DECK) to $114 from $128 and keeps a Neutral rating on the shares. The firm, which is forecasting Q1 EPS of 66c, versus the consensus forecast of 68c, thinks potential margin and UGG upside is offset by uncertainty on whether HOKA can return to sustainable growth in the U.S. direct-to-consumer channel, the analyst tells investors in a preview.