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Why Deckers Stock Dropped Today

TheMotleyFool

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Deckers Outdoor (NYSE: DECK) slipped 3.3% through 2:50 p.m. ET on Wednesday after two separate Wall Street analysts downgraded the shoemaker's stock today.

In back-to-back reports, first Baird cut its rating on Deckers to neutral, then Piper Sandler downgraded Deckers to "underperform" (i.e., sell).

Image source: Getty Images.

Source Fool.com

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