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Citi's Pair Trade In Footwear: Favors Deckers Over Wolverine...

2016-03-29 20:31:46| Footwear - Topix.net

Citi expects Deckers Outdoor Corp to outperform Wolverine World Wide, Inc. over the next 12-months, as it sees greater relative upside opportunity from Deckers' UGG product transition, improved segmentation and cost-cutting initiatives. "While WWW's FY16 outlook is likely conservative, it was the weakest guide of the group, and we see further risk to executing newer product initiatives in 2016," analyst Corinna Van der Ghinst wrote in a note to clients.

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