Market Overview

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

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)

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

View More Analyst Ratings for DECK
View the Latest Analyst Ratings

Posted-In: Analyst Color Price Target Analyst Ratings

 

Related Articles (DECK)

View Comments and Join the Discussion!

Get Benzinga's Newsletters