BofA raised the firm’s price target on Deckers Outdoor to $625 from $605 and keeps a Buy rating on the shares following the company’s Q2 “beat and raise.” The firm, which is increasing its FY24 EPS estimate to $24.10 from $23.05, says it sees further upside in the stock given conviction on estimates moving higher, “brand heat” and full price sell through remaining strong with “HOKA and UGG firing on all cylinders.”
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