Deckers Outdoor price target raised to $1,005 from $1,000 at TD Cowen

TD Cowen raised the firm’s price target on Deckers Outdoor to $1,005 from $1,000 and keeps a Buy rating on the shares. The firm said sector sentiment is weak highlighting higher risk into the print but execution remains at the top of the softlines sector and Cowen said customer acquisition and retention trends for HOKA remain robust as most peers see a slowdown.