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UPDATE: Wedbush Downgrades Deckers Outdoor to Neutral on Valuation

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Wedbush downgraded Deckers Outdoor (NASDAQ: DECK) from Outperform to Neutral and maintained a $45.00 price target.

Wedbush commented, "We are downgrading shares of DECK from OUTPERFORM to NEUTRAL based on valuation and what we view as a less favorable risk/reward scenario heading into the 4Q print. DECK is trading within 1% of our target valuation and we are stepping to the sidelines given uncertainty surrounding guidance."

Deckers Outdoor closed at $44.72 on Tuesday.

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
View the Latest Analyst Ratings

Posted-In: WedbushAnalyst Color Downgrades Analyst Ratings

 

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