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."
From other sites
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
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs