Market Overview

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

Share:
Related DECK
'Transparency' Into Lululemon Earnings
Top 4 Mid-Cap Stocks In The Textile-Apparel Footwear & Accessories Industry With The Highest EPS Growth Forecast For Next Year
Deckers Outdoor Vs. Nike: Where Are Investors Better Off Putting Their Money? (Seeking Alpha)

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
Mar 2015Standpoint ResearchUpgradesHoldBuy
Feb 2015Morgan StanleyDowngradesOverweightEqual-weight
Feb 2015Goldman SachsUpgradesNeutralBuy

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...