Deckers Outdoor Corp (DECK)

Deckers Outdoor Corp (DECK) stock declined by 6.65% following a downgrade by Truist Securities analyst Joseph Civello.

• Downgrade Details: Civello downgraded Deckers from Buy to Hold and reduced the price target by 12% to $864 per share.
• Reasons for Downgrade: The downgrade was primarily driven by concerns regarding the growth of Deckers' Hoka sportswear brand. Civello expressed worries that Hoka might only achieve 25% growth this year, significantly lower than the 40% year-over-year growth he had previously estimated.