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Under pressure from two Marcato's Mick McGuire and another fund, Deckers Outdoor announced it had hired Moelis to advise on a review, 'which may include a sale.'
Walmart has eaten up several companies of late.
Here are Wednesday's top research calls, including an upgrade for Lululemon and new coverage of L Brands, Masco and Under Armour.
Red Mountain Capital Partners wants Deckers to pursue a sale.