Analysts are adding plenty of color to the announcement by Deckets Outdoor (NASDAQ:DECK) that it will initiate a strategic review of options.
Jefferies sees the potential for a buyout at $69 per share.
Baird warns investors not to chase the development due to the limited upside from Deckers current share price.
Susquehanna sees a potential buyout going off at $62 per share. The high scenario would be a rich bid at $71 per share, while the downside risk is that nothing happens with the strategig review and shares fall to $45.
Previously: Deckers shoots up on report of strategic review (April 11)
Previously: Deckers Brands confirms strategic review (April 26)
DECK +2.15% to $60.00 vs. a 52-week trading range of $44.00 to $69.94.