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Deckers Higher as Jefferies Note Calling Co. Takeover Target Getting Passed Around

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Sharse of Deckers have turned positive over the last few minutes as traders are getting wind of a bullish note from Jefferies earlier.

The firm said, "DECK is a quality company with its key asset being the popular UGG brand. While we expect the stock to move higher on improving fundamentals, we believe the recent M&A in the space shows that both strategic and private equity investors now have a real appetite for deals. With DECK extremely undervalued (trading at just 8x earnings, 6x EBITDA and 0.8x P/S) and no love lost by the Street, we think it only makes sense that these players would take a look at the company as well."

Latest Ratings for DECK

DateFirmActionFromTo
Apr 2015Guggenheim SecuritiesInitiates Coverage onNeutral
Apr 2015Bank of AmericaInitiates Coverage onBuy
Mar 2015Standpoint ResearchUpgradesHoldBuy

View More Analyst Ratings for DECK
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