Deckers Brands price target raised to $455 from $425 at Baird

Baird analyst Jonathan Komp raised the firm’s price target on Deckers Brands to $455 from $425 and keeps an Outperform rating on the shares. The analyst said while we are not changing estimates at this time, we see potential for healthy FQ3 revenue and EPS upside given our expectations for strong UGG, DTC, and HOKA performance, along with benefits from cycling year-ago freight expenses.