Deckers Outdoor price target raised to $985 from $930 at Telsey Advisory

Telsey Advisory analyst Dana Telsey raised the firm’s price target on Deckers Outdoor to $985 from $930 and keeps an Outperform rating on the shares. Ahead of the release of the company’s quarterly results, the firm is raising its estimates as it believes Deckers’ brands, especially HOKA, likely continued to benefit from consumers’ selective spend this spring season, the analyst tells investors.