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Analysts’ Actions: Deckers Receives a Boost, Transocean and Avon Get Cut

August 1, 2023
in Trade Tube
Reading Time: 1 min read
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Deckers got a leg-up, Transocean is another oil casualty, and Avon Products looks a little worse for wear, all in Monday’s Analysts’ Actions. Footwear company Deckers was upgraded to BUY at Goldman Sachs with analysts predicting a solid fiscal 2016 based on improving efficiencies and investments in product development. Transocean was downgraded to UNDERPERFORM in a series of industry cuts at Jefferies. Avon Products had its price target slashed to $9 a share at Credit Suisse. Analysts reiterated a NEUTRAL rating, arguing that potential buyout discussions could put a floor under share prices.

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