Wells Fargo analyst Ike Boruchow lowered the firm’s price target on Deckers Outdoor to $90 from $100 and keeps an Equal Weight rating on the shares. The firm believe Nike’s (NKE) renewed interest in performance running is thwarting Deckers’ (DECK) clearance initiatives on Clifton 9/Bondi 8 – creating larger/longer than expected headwinds in U.S. DTC. Wells lowers numbers below Street and expects full year plan to come down.
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