Deckers Outdoor Corp. (NASDAQ:DECK): Piper Jaffray lowered its FY12 earnings for Deckers Outdoor to $5.50 from $5.87 and price target for shares to $83 from $106 citing higher product costs. The firm keeps a Neutral rating on the stock.

Brunswick Corporation(NYSE:BC): Wells Fargo expects Brunswick’s Q1 revenues to drop in the midsingle percentage level due to challenging comps, but the firm raised its valuation range on the stock to $27-$30 from $25-$27. The firm maintains an Outperform rating.

Flowserve Corp.(NYSE:FLS): UBS raised Flowserve’s price target citing better economic data and expectations for improved bookings. Shares are Buy rated.

Illumina Inc.(NASDAQ:ILMN): Cowen attended several investors meetings with lllumina (NASDAQ:ILMN) management and said the company is in a strong position versus their competition. The firm said they also believe Illumina is becoming more aggressive and unless they stumble Roche will either have to pay more in their offer to buy the company or walk away. Shares are trading 21% above the Roche offer price and remain Outperform rated.

Amyris, Inc.(NASDAQ:AMRS): Baird lowered its price target on Amyris following its business update conference call. The firm cited the company’s comment it no longer expects to meet its production guidance and potential for lower margins given it will focus on value rather than volume. Shares are Neutral rated.

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com

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