Deckers Outdoor price target raised to $60 from $50 at Jefferies Jefferies believes the drop in temperatures in January likely provided a buying catalyst for Deckers Outdoor's UGG brand. The firm expects the company's trends to stabilize and inventories to come under control after the holiday quarter. Jefferies raised its earnings estimates for Deckers Outdoor, upped its price target for shares to $60, and says its conviction in the name has never been higher. The firm keeps a Buy rating on the stock.
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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.