Deckers Outdoor has best risk/reward in retail, says Jefferies After attending the UGG product preview, Jefferies believes the product for fall 2013 is compelling. Jefferies thinks the UGG business has picked up as the weather has cooled and says Deckers Outdoor shares have the best risk/reward profile in retail today. The firm reiterates a Buy rating on the stock with a $50 price target.
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Deckers Outdoor price target raised to $91 from $81 at Canaccord Canaccord's industry checks indicate UGG wholesale sales accelerated in recent weeks and suggests reorders are outpacing cancellations by a large margin. The firm raised its UGG wholesale sales comp growth estimate to +5% and retail sales comp growth estimate to +7%. Shares are Buy rated with a $91 price target, up from $81.