Wedbush analyst Tom Nikic raised the firm’s price target on Deckers Outdoor to $825 from $705 and keeps an Outperform rating on the shares. The firm believes that Deckers remains one of the strongest fundamental stories in its coverage, and expects them to post yet another beat-and-raise when it reports fiscal Q3 EPS. However, the setup into the print is “quite tricky,” in Wedbush’s view.
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