Deckers Brands price target raised to $550 from $485 at Stifel

Stifel raised the firm’s price target on Deckers Brands to $550 from $485 and keeps a Buy rating on the shares. The firm’s checks point to "very strong consumer trends" in the HOKA segment and Stifel is raising its estimates to reflect HOKA strength and expectations for continued momentum in FY24 and FY25.