Deckers (DECK -5.9%) slumps towards its 52-week low after receiving a downgrade to Underperform...

|About: Deckers Outdoor Corporation (DECK)|By:, SA News Editor

Deckers (DECK -5.9%) slumps towards its 52-week low after receiving a downgrade to Underperform from Sterne Agee. The firm, which had upgraded Deckers in April on valuation grounds, is lowering its target for the shoemaker to $38 from $60. Deckers delivers its Q2 report on Thursday.