Barclays Maintains Overweight on Deckers Outdoor, Adjusts Price Target To $180 (Forward Stock Split 6:1)
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Adrienne Yih maintains an Overweight rating on Deckers Outdoor (NYSE:DECK) and adjusts the price target to $180 from $1090 due to a 6:1 forward stock split.

September 20, 2024 | 2:15 pm
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Barclays has maintained an Overweight rating on Deckers Outdoor and adjusted the price target to $180 from $1090 following a 6:1 forward stock split.
The maintenance of an Overweight rating by Barclays suggests continued confidence in Deckers Outdoor's performance. The adjustment of the price target to $180 from $1090 is due to a 6:1 forward stock split, which is a technical adjustment and does not reflect a change in the company's valuation. This could positively impact the stock price as it may attract more investors due to the lower price per share.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100