Market Overview

Deckers Shares Rally Following Bullish Note, Raised Price Target at Jefferies

Related DECK
Fast Money Halftime Report Final Trade From August 5
Deckers Outdoor Conference Call Highlights
Ex-KPMG Partner Sentenced for Insider Trading (Fox Business)

Shares of Deckers Outdoor (NASDAQ: DECK) are up nearly 6 percent Monday morning following some very positive comments from Jefferies' Randal Konik earlier.

Following issues related to a warmer-than-usual holiday period, the cold snap during January likely provided managers a chance to put UGG brand footwear on sale, Konik said. He now has more conviction than ever before in Deckers.

Konik boosted his price target on shares of Deckers from $50 to $60. The analyst maintains a Buy rating on the stock.

With Deckers shares last trading around $42.47, Konik's new price target implies potential upside of more than 41 percent.

Latest Ratings for DECK

DateFirmActionFromTo
Jul 2014JefferiesUpgradesHoldBuy
Jul 2014Canaccord GenuityMaintainsBuy
Jul 2014CitigroupMaintainsBuy

View More Analyst Ratings for DECK
View the Latest Analyst Ratings

Posted-In: Analyst Color Price Target Analyst Ratings

 

Related Articles (DECK)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters

Benzinga Professional