TD Cowen Maintains Outperform on Deckers Outdoor, Lowers Price Target to $564
Portfolio Pulse from richadhand@benzinga.com
TD Cowen analyst John Kernan maintains an Outperform rating on Deckers Outdoor (NYSE:DECK) but lowers the price target from $575 to $564.

July 28, 2023 | 5:14 pm
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NEUTRAL IMPACT
Deckers Outdoor's price target has been lowered from $575 to $564 by TD Cowen, though the Outperform rating is maintained.
The news directly pertains to Deckers Outdoor as the company's price target has been lowered by TD Cowen. However, the Outperform rating is maintained which indicates that the analyst still expects the company to outperform the market. This could have a neutral impact on the stock price in the short term as the lowered price target might be seen as a negative signal, but the maintained Outperform rating could offset this.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100