TD Cowen Maintains Outperform Rating for Deckers Outdoor: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
TD Cowen has reaffirmed its Outperform rating on Deckers Outdoor (NYSE:DECK) and increased its price target from $689.00 to $705.00. Despite the stock trading down 1.78% at $644.96, the new price target suggests a potential upside of 9.31%. Deckers Outdoor is known for its footwear, apparel, and accessories, with brands like UGG, Teva, and Sanuk, and operates a mix of wholesale and direct-to-consumer sales channels.
November 28, 2023 | 5:00 pm
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TD Cowen maintains an Outperform rating on Deckers Outdoor and raises the price target to $705, suggesting a 9.31% upside from the current price.
The reaffirmation of the Outperform rating and the raised price target by TD Cowen are strong positive signals for investors, indicating analyst confidence in Deckers Outdoor's future performance. Although the stock has recently declined, the new price target represents significant upside potential, which could influence investor sentiment and drive short-term price movement positively.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100