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

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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
Oct 2014Morgan StanleyInitiates Coverage onOverweight
Oct 2014Piper JaffrayDowngradesOutweightNeutral
Oct 2014WunderlichInitiates Coverage onBuy

View More Analyst Ratings for DECK
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