Market Overview

UPDATE: Goldman Sachs Initiates Deckers at Neutral on Valuation

Share:
Related DECK
Citi's Pair Trade In Footwear: Favors Deckers Over Wolverine World Wide, Skechers Remains Top Rated
The Market In 5 Minutes: Tuesday, March 29, 2016

Goldman Sachs initiated coverage on Deckers (NASDAQ: DECK) with a Neutral rating and a $32 price target.

Goldman Sachs noted, "Notwithstanding the intense headwinds facing the brand, we still believe in UGG's ability to survive this storm. There are many structural elements still intact including retailer support, disciplined distribution, international runway, and a strong leadership team. The near-term challenge, however, lies in accurately timing the bottom of a very steep cyclical earnings decline."

Deckers closed at $35.25 on Monday.

Latest Ratings for DECK

DateFirmActionFromTo
May 2016NomuraMaintainsNeutral
Mar 2016CitigroupMaintainsBuy
Feb 2016Sterne Agee CRTDowngradesNeutralUnderperform

View More Analyst Ratings for DECK
View the Latest Analyst Ratings

Posted-In: Goldman SachsAnalyst Color Initiation Intraday Update Analyst Ratings

 

Related Articles (DECK)

View Comments and Join the Discussion!