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Deckers Outdoor Corp. (NASDAQ:DECK): Sterne Agee’s checks indicate that Deckers Outdoor Corp.’s UGG sales have improved over the last two weeks of December and that inventory levels at retail are below last year. The firm reiterates their Buy rating and recommends buying on weakness.
Foot Locker, Inc. (NYSE:FL): Sterne Agee recommends buying Foot Locker, Inc. on weakness related to competitor commentary regarding Finish Line (NASDAQ:FINL). Shares are Buy rated with a $41 price target.
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Sturm, Ruger & Co. Inc. (NYSE:RGR): KeyBanc said pending introduction of gun control legislation has driven much of the increase in permit applications and activity. The firm believes current demand is unsustainable at prevailing levels and reiterates an Underweight rating on Sturm, Ruger & Co. Inc. and a Hold ratings on Smith & Wesson (NASDAQ:SWHC) and Cabela’s (NYSE:CAB).
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