KeyBanc analyst Ashley Owens initiated coverage of Deckers Outdoor with an Overweight rating and $960 price target. The analyst believes Deckers could deliver over 10% sales growth in fiscal 2025. While that marks a sequential slowdown from 2024, demand is still robust within both Ugg and Hoka and estimates could prove to be conservative due to the ongoing casualization of apparel and new products, the analyst tells investors in a research note.
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