Truist raised the firm’s price target on Deckers Outdoor to $983 from $859 and keeps a Buy rating on the shares. The company reported a “meaningful” Q3 earnings beat as UGG demand remains “white hot” and its HOKA’s brand robust trajectory continued, the analyst tells investors in a research note. Both brands are poised to maintain momentum due to the strength of their product pipelines and customers relationships, the firm added.
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