Deckers Outdoor price target raised to $595 from $535 at Piper Sandler

Piper Sandler analyst Abbie Zvejnieks raised the firm’s price target on Deckers Outdoor to $595 from $535 and keeps an Overweight rating on the shares. The analyst says Hoka demand has remained strong while investors are valuing controlled distribution. The firm believes Deckers will deliver a “beat and raise” this quarter as Hoka guidance was likely “exceedingly conservative.” PIper’s checks point to continued brand momentum and demand as well as low promotional levels.