Deckers Outdoor price target raised to $1,000 from $895 at Wedbush

Wedbush analyst Tom Nikic raised the firm’s price target on Deckers Outdoor to $1,000 from $895 and keeps an Outperform rating on the shares. The firm came away from meetings with CFO Steve Fasching incrementally positive on the sustainability of Deckers’ momentum, and thinks both major brands have compelling growth runway, the analyst tells investors in a research note.