Deckers Outdoor price target lowered to $115 from $210 at Wells Fargo

Wells Fargo lowered the firm’s price target on Deckers Outdoor (DECK) to $115 from $210 and keeps an Equal Weight rating on the shares. The firm adjusted ratings in retail cut 2026 earnings estimates well below the Street to reflect current tariff headwinds and assumptions for a mild recession. Both headwinds will begin impacting numbers in the second half of 2025, the analyst tells investors in a research note.