Deckers Outdoor downgraded to Hold from Buy at Jefferies Jefferies downgraded Deckers Outdoor citing the company's "overly aggressive" spending plan for 2014 and its weaker than expected revenue outlook. The firm lowered its price target for shares to $75 from $100.
Deckers Outdoor recent pullback overdone, says Citigroup Citigroup views the 18% pullback in shares of Deckers Outdoor since mid-December as overdone. Citi continues to believe UGG is better positioned versus fashion footwear peers. It lowered its price target for shares to $95 from $105 to reflect reduced multiples in the space as well as currency headwinds. Citi keeps a Buy rating on Deckers.
Deckers Outdoor appoints David Lafitte as COO Deckers Brands announced the appointment of David Lafitte to COO, effective February 2. Lafitte previously served as the company's general counsel. He replaces Zohar Ziv, who retired from the company on January 16.