Sterne Agee Downgrades Deckers Outdoor (DECK) to Neutral

January 14, 2009 3:53 PM EST

Sterne Agee downgrades Deckers Outdoor (Nasdaq: DECK) from Buy to Neutral.

Shares of Deckers are down more than 10% to under $58.50 today. Investors are selling the stock today following Decker's presentation at the 11th Annual Integrated Corporate Relations ICR XChange Conference.

Deckers Outdoor Corporation engages in the design, production, and brand management of footwear for outdoor activities and casual lifestyle use.


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