Seeking Alpha

Deckers shares rise; Wedbush upgrades, optimistic on Ugg diversification

  • 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."
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Comments (1)
  • Bill Maurer
    , contributor
    Comments (5812) | Send Message
     
    Nice of the analyst to wait until $66 to upgrade it. Would have been nice a week or so ago under $60.
    26 Sep 2013, 03:03 PM Reply Like
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