Impact of Truist Securities Analyst Downgrade on Deckers Outdoor Stock
Wednesday, 10 April 2024, 20:15
Deckers Outdoor Stock Down 7% Due to Analyst Downgrade
All of a sudden, investors are pondering Deckers Outdoor's worth nearly $1,000. Truist Securities analyst Joseph Civello's downgrade led to a 7.3% stock drop, expressing concerns over Hoka's growth potential.
- Deckers Outdoor Known for Ugg and Teva Brands
- Civello expressed worries over Hoka's projected 25% growth this year.
- Civello's Changed Projections for Hoka Sales
- Civello's previous 40% year-over-year growth forecast for Hoka altered due to current sales trends, down to 25% growth prediction.
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