Truist raised the firm’s price target on Deckers Outdoor (DECK) to $235 from $230 and keeps a Buy rating on the shares. The firm remains “impressed” by the demand trends for the company’s HOKA and UGG brands given its latest review of Truist Card Data, TikTok trends, and wholesale sellouts, the analyst tells investors in a research note. After yesterday’s launch of the long-awaited HOKA Bondi 9 shoe, the brand’s momentum should surge even faster, Truist added.
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