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UPDATE: Goldman Sachs Initiates Deckers at Neutral on Valuation

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Reaction to the post-earnings slide in Deckers Outdoor (Seeking Alpha)

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
Jan 2015CitigroupMaintainsBuy
Jan 2015WunderlichMaintainsBuy
Jan 2015JefferiesMaintainsBuy

View More Analyst Ratings for DECK
View the Latest Analyst Ratings

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

 

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