Deckers Outdoor shares are trading lower after Truist Securities downgraded the stock from Buy to Hold and lowered its price target from $983 to $864.
Portfolio Pulse from Benzinga Newsdesk
Deckers Outdoor's stock (DECK) trades lower following a downgrade by Truist Securities from Buy to Hold, with a reduced price target from $983 to $864.
April 10, 2024 | 1:29 pm
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Deckers Outdoor's stock price is likely to experience short-term pressure following the downgrade by Truist Securities from Buy to Hold and a significant reduction in the price target.
Analyst ratings and price target adjustments are critical factors that influence investor sentiment and stock prices in the short term. The downgrade from Buy to Hold suggests a less optimistic outlook on DECK's future performance, which could lead to decreased investor confidence and selling pressure. The reduction in the price target further emphasizes the analyst's revised expectations, potentially leading to a negative market reaction.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100