Deckers Outdoor price target raised to $226 from $225 at UBS

UBS raised the firm’s price target on Deckers Outdoor to $226 from $225 and keeps a Buy rating on the shares. The firm’s checks suggest Deckers’ Hoka brand maintained robust revenue momentum during Q2, which will drive a 10c EPS beat in the quarter and see a good opportunity Deckers’ FY25 guidance update beats the market’s expectations, the analyst tells investors in a research note. At the same time, the firm sees risk that potentially soft UGG direct-to-consumer channel sales growth disappoints, which is why UBS sees only a moderately positive upside/downside skew around the event.