UPDATE: Auriga Raises PT on Deckers Outdoor to $125

Auriga is out with its report today on Deckers Outdoor (NASDAQ: DECK), raising its PT from $115 to $125.

In its report, Auriga writes, "We are increasing our PT to $125 from $115 to reflect our increased confidence that DECK could report upside in Q4 and into 2012."

Auriga maintains Buy on DECK.

At the time of posting, shares of DECK were trading pre-market at $107.00, up 0.77% from Thursday's close.