Market Overview

UPDATE: Jefferies & Company Resumes Coverage on Deckers Outdoor with Buy Rating, $50 PT

Share:
Related DECK
Benzinga's Top Downgrades
12 Stocks Moving In Friday's Pre-Market Session
The Vetr community has upgraded $DECK to 3.5-Stars. (Vetr)

In a report published Friday, Jefferies & Company resumed coverage on Deckers Outdoor Corp. (NASDAQ: DECK) with a Buy rating and $50.00 price target.

Jefferies noted, “We see significant upside in coming quarters due to improving performance of the UGG brand which we think is far from dead. Further, we expect growth from the retail store rollout, int'l expansion, brand extensions, and the smaller brands. Meanwhile, margin tailwinds are on the way. With valuation attractive, we would aggressively buy DECK at current levels. Resuming coverage with a Buy rating and $50 PT.”

Deckers Outdoor Corp. closed on Thursday at $28.63.

Latest Ratings for DECK

DateFirmActionFromTo
Feb 2016Sterne Agee CRTDowngradesNeutralUnderperform
Feb 2016Bank of AmericaDowngradesBuyNeutral
Feb 2016B. RileyMaintainsNeutral

View More Analyst Ratings for DECK
View the Latest Analyst Ratings

Posted-In: Jefferies & CompanyAnalyst Color Initiation Analyst Ratings

 

Related Articles (DECK)

View Comments and Join the Discussion!

Get Benzinga's Newsletters