Standpoint Research Downgraded Deckers Outdoor (DECK) to Hold
More News related to CROX
- Independent Research Firm Murphy Analytics Announces Initiation of Coverage on Crocs, Inc.
- Standpoint Research Downgraded Deckers Outdoor (DECK) to Hold
- Standpoint Research Initiates Coverage on Crocs (CROX) with a Buy
- Unusual 11 Mid-Day Movers 11/06: CBBO, OPTT, GROW, MGA Higher; GOK, OSTE, NHWK, OCLS Lower
- Morning Movers 11/06: ACLS, CVM, ZIOP, LPSN, CABL, ZGEN Higher; NHWK, GOK, CROX, CVI, RAIL, CSTR Lower
More News related to DECK
- Standpoint Research Downgraded Deckers Outdoor (DECK) to Hold
- Deckers Outdoors (DECK) Tops Q3 Views
- Deckers Outdoor Corporation Reports Record Third Quarter Financial Results
- Susquehanna Maintains a 'Positive' on Deckers Outdoor (DECK); Raises Price Target
- Deckers Outdoor Corporation to Broadcast Review of Third Quarter Fiscal 2009 Financial Results over the Internet
More News related to Downgrades
- Moody's Downgrades Sprint Nextel's (S) Corporate Family Rating; Outlook Negative
- Comverge (COMV) Continuing Lower as Ardour Analyst Cuts to Hold
- Scotia Capital Downgrades New Gold Inc. (NGD) to Sector Underperform
- Craig-Hallum Downgrades ADC Telecom (ADCT) to Accumulate
- Wedbush Downgrades VeriSign (VRSN) to Neutral; Growth Catalysts Not Expected Until 2011
Standpoint Research downgraded Deckers Outdoor Corp. (Nasdaq: DECK) from Buy to Hold, citing valuation.
The firm notes that DECK is up 70% since their May 29th recommendation versus up 20% in the S&P. They said the shares are now fairly valued at 12X estimates for next year. The firm said, "we are more concerned with where the market is than we are with DECK itself. We initiated coverage on Crocs (Nasdaq: CROX) November 9th … the risk-reward there seems a bit more favorable and that is where we prefer to place our bet in the footwear industry."
Related Categories
DowngradesTrader Talk
Stocks Mentioned
-0.08
+0.23Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
