Needham analyst Tom Nikic removed Deckers Outdoor (DECK) from the firm’s Conviction List while keeping a Buy rating on the shares with a $115 price target The firm believes Deckers has entered a “slower-growth stage of life” at both its Ugg and Hoka brands. In addition, the company’s margins may move lower in the coming years to sustainable long-term levels, the analyst tells investors in a research note.
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