Wedbush raised the firm’s price target on Deckers Outdoor to $705 from $650 and keeps an Outperform rating on the shares. Wedbush remains bullish on the shares after attending a Hoka product demonstration, telling investors in a research note that management was extremely upbeat on Hoka’s momentum and growth prospects. While not discussed at the event, Wedbush also believes UGG is doing extremely well.
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