Market Overview

UPDATE: Goldman Sachs Initiates Deckers at Neutral on Valuation

Related DECK
Fast Money Halftime Report Final Trade From August 5
Deckers Outdoor Conference Call Highlights
Ex-KPMG Partner Sentenced for Insider Trading (Fox Business)

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
Jul 2014JefferiesUpgradesHoldBuy
Jul 2014Canaccord GenuityMaintainsBuy
Jul 2014CitigroupMaintainsBuy

View More Analyst Ratings for DECK
View the Latest Analyst Ratings

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

 

Related Articles (DECK)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters