Deckers Brands price target raised to $470 from $440 at Piper Sandler

Piper Sandler analyst Abbie Zvejnieks raised the firm’s price target on Deckers Brands to $470 from $440 and keeps an Overweight rating on the shares. Despite a highly uncertain consumer backdrop, consumers continue to react to strong brands and innovation although 2023 estimates "are likely broadly too high," Zvejnieks tells investors in a research note.