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Analysts Diverge On Deckers Outdoor Forecast

2015-02-09 22:49:47| Footwear - Topix.net

Deckers Outdoor Corp's 13 percent sales growth year-to-date for its core UGG footwear brand suggest a "meaningful consumer appetite" for the product, an analyst said Monday. Jefferies' Randal J. Konik reiterated a Buy rating and $110 target on Deckers, and said falling costs for raw materials in the form of sheepskin, plus increasing diversification of its product offerings, suggest a bullish outlook for the company.

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