After-hours movers: Capri Holdings, Skechers, DexCom, Western Digital and more

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Bernstein SocGen Group Upgrades Edwards Lifesciences (EW) to Market Perform

October 28, 2024 8:19 AM EDT

Bernstein SocGen Group analyst Lee Hambright upgraded Edwards Lifesciences (NYSE: EW) from to Market Perform.

The analyst comments "Our previous Underperform call on EW was based on the view that the TAVR market was experiencing slowing growth and increased competition. Now as... More

DexCom (DXCM) PT Raised to $86 at Bernstein SocGen Group

October 25, 2024 6:25 AM EDT

Bernstein SocGen Group analyst Lee Hambright raised the price target on DexCom (NASDAQ: DXCM) to $86.00 (from $82.00) while maintaining a Market Perform rating.

The analyst comments "In-line quarter. Revenue grew 3% organic, landing at the high-end of the reduced guidance range that DXCM set on the Q2 call (1% to 3%). U.S. sales declined -2% organic,... More

Western Digital Corp. (WDC) PT Raised to $81 at Goldman Sachs

October 25, 2024 5:41 AM EDT

Goldman Sachs analyst Toshiya Hari raised the price target on Western Digital Corp. (NASDAQ: WDC) to $81.00 (from $72.00) while maintaining a Neutral rating.

The analyst comments "WD executed well in FY1Q (Sept) as the HDD franchise delivered record non-GAAP gross margins of 38.1%, while... More

Deckers Outdoor (DECK) PT Raised to $178 at Citi

October 25, 2024 5:38 AM EDT

Citi analyst Paul Lejuez raised the price target on Deckers Outdoor (NYSE: DECK) to $178.00 (from $170.00) while maintaining a Neutral rating.

The analyst comments "2Q EPS $1.59 was another big beat vs cons $1.23 driven by strength at both Hoka (+35% vs cons +23%) and UGG (+13% vs... More

Tapestry Inc. (TPR) PT Raised to $63 at Evercore ISI

October 25, 2024 5:26 AM EDT

Evercore ISI analyst Michael Binetti raised the price target on Tapestry Inc. (NYSE: TPR) to $63.00 (from $47.00) while maintaining a Outperform rating.

The analyst comments "Today the courts ruled in the FTCs favor for a preliminary injunction to stop TPRs acquisition of CPRI. As mentioned in our April 12th note (here), in this scenario we expected TPR to trade to $51/share quickly if the deal broke down. While TPR/CPRI will follow an appeals process... More

Deckers Outdoor (DECK) PT Raised to $195 at Evercore ISI

October 25, 2024 5:26 AM EDT

Evercore ISI analyst Jesalyn Wong raised the price target on Deckers Outdoor (NYSE: DECK) to $195.00 (from $185.00) while maintaining a Outperform rating.

The analyst comments "Bottom Line: F2Q25 a Solid Beat Across all Metrics: DECK F2Q25 EPS at $1.59, beat ISI/Street... More

BTIG Reiterates Buy Rating on DexCom (DXCM)

October 25, 2024 5:23 AM EDT

BTIG analyst Marie Thibault reiterated a Buy rating and $120.00 price target on DexCom (NASDAQ: DXCM).

The analyst comments "Dexcom reported $994.2M in Q3 revenue (+2% y/y rep., +3% y/y org.), $4M above the consensus estimate of $990M. Q3 adj. EPS was $0.45, two cents above consensus. DXCM missed Visible Alpha consensus' U.S. sales expectation by $19M, reporting $701.9M (-2% y/y) and beat by $22M on OUS sales of $292.3M (+12% y/y rep.). Despite the light U.S. result, management commentary was upbeat, highlighting a record level of new patient starts, progress and momentum on... More

BTIG Reiterates Neutral Rating on Edwards Lifesciences (EW)

October 25, 2024 5:22 AM EDT

BTIG analyst Marie Thibault reiterated a Neutral rating on Edwards Lifesciences (NYSE: EW).

The analyst comments "There were a few moving parts with this quarter's print following the sale of the Critical Care business in September as well as the discontinuation of a small non-core product group in the Surgical Structural Heart business that generates ~$60-70M in annual sales. Excluding these items, EW grew revenue by 9.6% y/y CC in Q3 and reported adj. EPS of $0.67. Total TAVR sales of $1.023B were $13M above consensus of $1.010B (+6.5% y/y rep., +7.2% CC).... More

Deckers Outdoor (DECK) PT Raised to $190 at Barclays

October 25, 2024 5:17 AM EDT

Barclays analyst Adrienne Yih raised the price target on Deckers Outdoor (NYSE: DECK) to $190.00 (from $180.00) while maintaining a Overweight rating.

The analyst comments "Operating in the Bullseye. DECK is operating in the bullseye, with HOKA in the early stages of its... More

Deckers Outdoor (DECK) PT Raised to $167 at Jefferies

October 25, 2024 5:11 AM EDT

Jefferies analyst Ashley Helgans raised the price target on Deckers Outdoor (NYSE: DECK) to $167.00 (from $150.00) while maintaining a Hold rating.

The analyst comments "DECK delivered another ~30% EPS beat but higher sales beat at 9%. Sales and EPS guides were raised, w/ both... More