Jefferies picks up coverage again on Deckers Outdoor (DECK) with a bottom-dipping Buy rating....

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

Jefferies picks up coverage again on Deckers Outdoor (DECK) with a bottom-dipping Buy rating. The take from the firm is that performance of the Ugg brand will improve again and drive shares up to $50, from their current sub-$30 level. For the Jefferies story to play out, Deckers Outdoor will need some help from Mother Nature after last winter's mild temperatures dulled demand for Ugg boots.