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A survey of teenagers conducted by Piper Jaffray finds the Deckers Outdoor's (DECK +3%) Ugg...

A survey of teenagers conducted by Piper Jaffray finds the Deckers Outdoor's (DECK +3%) Ugg brand still resonates with upper-income teens. Though remaining on the sidelines on the moment with a Neutral rating, the firm took its price target on DECK up to $48 and raised profit estimates with Ugg seemingly still on trend.
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Comments (2)
  • Bill Maurer
    , contributor
    Comments (5702) | Send Message
     
    So the stock rallies because the price target is now $9 lower than where we are currently. Don't you love this!
    10 Apr 2013, 09:56 AM Reply Like
  • the_value_vulture
    , contributor
    Comments (227) | Send Message
     
    Bill,

     

    You've been pretty spot on regarding Decker's business, but as we know the market doesn't always move with rationality. Sentiment seems to trump fundamentals these days. Enjoy your articles though.
    10 Apr 2013, 10:21 AM Reply Like
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