UBS raised the firm’s price target on Deckers Outdoor (DECK) to $284 from $267 and keeps a Buy rating on the shares. Deckers exceeded expectations and delivered a solid beat and raise Q3 report, increasing the firm’s conviction Hoka and UGG’s momentum with consumers continues, the analyst tells investors in a research note. The firm sees strong sales growth and stock-driving earnings beats over the near-term, and says Deckers remains one of its favorite stock ideas for 2025.
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