Analyst Downgrades: Alibaba, Deckers Outdoor, Google

Analysts are weighing in today on Chinese e-commerce giant Alibaba Group Holding Ltd (NYSE:BABA), footwear seller Deckers Outdoor Corp (NYSE:DECK), and tech titan Google Inc (NASDAQ:GOOGL). Here's a quick roundup of today's bearish brokerage notes on BABA, DECK, and GOOGL.

• Following yesterday's lackluster earnings report -- and a resultant 9% loss -- BABA is getting hit with a round of bearish brokerage notes. Specifically, no fewer than nine analysts reduced their price targets on the stock -- the deepest of which came from Raymond James, which slashed its target by $12 to $108, but preserved its "outperform" rating. Out of the gate, though, Alibaba Group Holding Ltd is down 1.7%. This negative attention represents a change of pace for the brokerage crowd, as all 21 firms tracking the stock rate it a "buy" or better. What's more, BABA's consensus 12-month price target of $117.95 stands at a 33.6% premium to the current price of $88.30. In other news, the company's financial services affiliate is reportedly eyeing a 2016 initial public offering.


• DECK is getting hit with negative analyst notes, after cutting its current-quarter and full-year forecasts, and reporting disappointing fiscal third-quarter results. Specifically, no fewer than nine analysts lowered their price targets, including Buckingham, which trimmed its target to $75 from $81, and reaffirmed its "neutral" opinion. Accordingly, Deckers Outdoor Corp has plunged 15.1% out of the gate to trade at $69.90 -- and, in the process, hit a new annual low of $67.30. This ought to be music to the ears of short sellers. More than 19% of DECK's float is dedicated to short interest, which represents nearly eight times the stock's typical daily trading level.


• Finally, GOOGL is up 2.4% this morning at $525.31, despite last night's earnings miss and a rush of downbeat brokerage attention. Specifically, no fewer than 11 analysts reduced their price targets, compared to four that upped them. Longer term, Google Inc shares have struggled since topping out at $615.04 in late February, shedding 14.6%. Meanwhile, these option bears are still holding out hope for an eleventh-hour reversal in the stock.