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News Breaks | | | | January 11, 2013 | | 07:05 EDT |  | DECK | Store checks show UGG price erosion in UK, says Piper Jaffray
Piper Jaffray said its store checks in the UK market indicated a number of UGG styles on promotion. Piper found the promotions surprising, as it was not aware pricing adjustments were happening outside the U.S. The firm lowered its earnings estimates for Deckers Outdoor, dropped its price target for shares to $34 from $35, and keeps a Neutral rating on the stock. | |
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