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Deckers Outdoor Posting Steep Loss On Downgrade By Pivotal Research

Shares of Deckers Outdoor (DECK) have moved sharply lower during trading on Monday, slumping by 7.5 percent. Deckers Outdoor hit its lowest intraday level in well over a month earlier in the session.

The steep drop by Deckers Outdoor comes after Pivotal Research Group downgraded its rating on the footwear designer's stock to Hold from Buy.

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