B of A Securities Downgrades Deckers Outdoor to Neutral, Lowers Price Target to $860
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Christopher Nardone downgraded Deckers Outdoor (DECK) from Buy to Neutral and reduced the price target from $875 to $860.
April 25, 2024 | 10:27 am
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Deckers Outdoor downgraded from Buy to Neutral by B of A Securities, with a price target reduction from $875 to $860.
The downgrade from Buy to Neutral by a major analyst firm like B of A Securities, accompanied by a reduction in price target, typically signals a less optimistic outlook on the stock's future performance. This can lead to decreased investor confidence and potentially a short-term decline in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100