Deckers Outdoor price target lowered to $130 from $225 at Truist

Truist lowered the firm’s price target on Deckers Outdoor (DECK) to $130 from $225 but keeps a Buy rating on the shares after its Q4 results saw a sales miss. A sharp HOKA deceleration and limited forward visibility exacerbated bear concerns about the brand’s long-term growth potential, though given the management’s historically conservative guidance philosophy and significant headwinds, they’re likely taking a “prudent approach”, the analyst tells investors in a research note.