Deckers Gets Leg-Up, Transocean and Avon Face Industry Headwinds

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.