BofA lowered the firm’s price target on Deckers Outdoor to $605 from $632 and keeps a Buy rating on the shares ahead of the company’s report of its fiscal Q2 results. The firm is lowering its Q2 EPS forecast by 11c to $4.64 to reflect lower HOKA growth, a lower gross margin and headwinds from a stronger U.S. dollar, the analyst tells investors in a preview note.
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