BTIG analyst Janine Stichter raised the firm’s price target on Deckers Brands to $560 from $515 and keeps a Buy rating on the shares. The analyst states that heading into Q1 earnings, the firm prefers companies with a more stable, defensive positioning of strong brands and replenishment businesses given the uncertainty around the state of the consumer. Quality and proven names like Deckers deserve a more significant premium in the current market environment, the firm tells investors in a research note.
Published first on TheFly
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