Deckers Outdoor upgraded to Buy from Hold at Jefferies Jefferies upgraded Deckers Outdoor to Buy following the company's Q1 results citing greater conviction in margin expansion potential and new product launches. The firm views the risk/reward on shares as compelling and raised its price target for the stock to $130 from $78. Shares of Deckers rallied 6% to $90.00 following the company's earnings report.
Deckers Outdoor well positioned for strong Q3 finish, says Canaccord Canaccord believes Deckers Outdoor is well positioned for a strong Q3 finish, as its low quarter-to-date order cancellation rate bodes well for the company. The firm sees its weatherized boot category selling well, which supports the firm's belief that sales of Uggs are tracking ahead do guidance. Canaccord reiterated its Buy rating and $108 price target on Deckers Outdoor shares.
Deckers Outdoor shares going to $130, says Jefferies Jefferies predicts shares of Deckers Outdoor are going to $130 after hosting investor meetings with management. The firm says management was "very upbeat" regarding the start of the holiday season. Jefferies thinks next year's UGG offerings will continue to drive positive momentum in 2015. It reiterates a Buy rating on Deckers with a $130 price target. Shares of the UGG maker rose 68c yesterday to $96.54.