Deckers Outdoor Corp Stock Value Declines Following Analyst Downgrades
Deckers Outdoor Corp’s stock value has decreased following recent downgrades from several analysts. KeyBanc and Evercore ISI have both downgraded the company’s stock to sector weight or neutral, citing concerns over HOKA growth. Additionally, BofA has reduced Deckers’ price target due to these concerns.
The S&P 500 index has experienced fluctuations throughout the week, with both gains and losses reported. Despite these market fluctuations, Deckers’ stock price remains relatively stable, having recovered from its 52-week low.
Key Analyst Actions:
- KeyBanc downgraded Deckers’ stock to sector weight
- Evercore ISI downgraded Deckers’ stock to neutral
- BofA reduced Deckers’ price target due to concerns over HOKA growth
Market Index Performance:
- S&P 500 index experienced fluctuations throughout the week
- Both gains and losses were reported in the index