TD Cowen lowered the firm’s price target on Deckers Outdoor (DECK) to $124 from $125 and keeps a Buy rating on the shares. The firm said shares are getting harder to defend as consensus estimates are too high but valuation is awfully cheap. 2Q was led by Wholesale +13% and International +29%. 2H implied revenue guidance for UGG to decline with HOKA guidance implying low-teens growth in 2H.
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Read More on DECK:
- Deckers Outdoor price target lowered to $117 from $127 at Stifel
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