Deckers Outdoor price target raised to $930 from $850 at Telsey Advisory

Telsey Advisory raised the firm’s price target on Deckers Outdoor to $930 from $850 and keeps an Outperform rating on the shares. The company recently reported Q3 results, with better-than-expected results across the board resulting in record sales and earnings, the analyst tells investors. UGG and HOKA delivered “impressive” topline growth, both benefitting from continued strength in the DTC Channel, the firm adds. Overall, the company remains well-positioned with a healthy brand portfolio, the firm concludes.