Deckers shares rise; Wedbush upgrades, optimistic on Ugg diversification

|About: Deckers Outdoor Corporation (DECK)|By:, SA News Editor

Deckers Outdoor (DECK +2.9%) shares rise after Wedbush upgrades the stock to Outperform from Perform and hikes its PT to $74 from $54.

Analyst Corinna Freedman is bullish after positive conversations with management, citing diversification of the Ugg product line aimed at men, juniors, and home products. However, "[w]eather, inventory and gross margin recovery remain risks to [Wedbush's] outlook."