Truist analyst Joseph Civello raised the firm’s price target on Deckers Outdoor to $859 from $790 and keeps a Buy rating on the shares. The firm’s Truist Card Data indicates that UGG’s Q3 DTC sales trended above expectations, and on the wholesale side, Truist continues to see key styles selling out as soon as retailers are able to restock them, the analyst tells investors in a research note.
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