Deckers Outdoor upgraded to Positive from Neutral at Susquehanna Susquehanna upgraded Deckers citing the sell-off in shares following disappointing guidance. The firm views risk/reward as favorable given product momentum, better assortment, and clean inventory. Price target raised to $87 from $78.
Deckers Outdoor thesis remains 'very much intact,' says Jefferies Jefferies says its thesis on Deckers Outdoor shares remains "very much intact" following news that Connie Rishwain plans to step down as President of UGG. The firm views the current multiple as compressed and sees a "compelling" risk/reward at current share levels. It reiterates a Buy rating on Deckers with a $110 price target.
Deckers Outdoor says President of UGG to step down Deckers Brands announced last night that Connie Rishwain, President of UGG and Fashion and Lifestyle Brands has notified the company of her plans to step down in order to spend more time with her family and pursue other interests.