Stifel Maintains Hold on Deckers Outdoor, Adjusts Price Target To $147.83 from $887 (6-for-1 stock split)
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Jim Duffy maintains a Hold rating on Deckers Outdoor (NYSE:DECK) and adjusts the price target to $147.83 from $887 due to a 6-for-1 stock split.
September 17, 2024 | 5:55 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Stifel analyst Jim Duffy maintains a Hold rating on Deckers Outdoor and adjusts the price target to $147.83 from $887 due to a 6-for-1 stock split.
The adjustment in the price target is a direct result of the 6-for-1 stock split, which does not inherently change the company's valuation but adjusts the price target to reflect the new share count. The Hold rating suggests a neutral stance, indicating no immediate positive or negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100