Piper Sandler analyst Abbie Zvejnieks raised the firm’s price target on Deckers Outdoor to $620 from $595 and keeps an Overweight rating on the shares. The firm said UGG was the highlight of Q3, as it grew 28% y/y, and Deckers raised FY expectations for the brand. HOKA momentum continued, and the firm is optimistic on Q4 product launches, although it does not that growth is expected to decelerate in the second half of the year.
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