BTIG raised the firm’s price target on Deckers Outdoor to $650 from $640 and keeps a Buy rating on the shares. In a “standout” quarter, the company reported a “significant” Q3 earnings beat with building UGG momentum and continuing HOKA strength, the analyst tells investors in a research note. The firm adds that it continues to believe that Deckers’ investments in brand and DTC are paying dividends, allowing for significant outperformance in a tough environment.
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