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UPDATE: Goldman Sachs Initiates Deckers at Neutral on Valuation

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Related DECK
Benzinga's Top Upgrades
Susquehanna Neutral-To-Bullish On Footwear Stocks

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
Aug 2016Telsey Advisory GroupUpgradesMarket PerformOutperform
Aug 2016SusquehannaInitiates Coverage onNeutral
Aug 2016Standpoint ResearchDowngradesBuyHold

View More Analyst Ratings for DECK
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Posted-In: Goldman SachsAnalyst Color Initiation Intraday Update Analyst Ratings

 

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