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Deckers Outdoor Corp. (NASDAQ:DECK): Current Price: $40.99
According to Jefferies, the drop in temperatures during January most likely provided a buying catalyst for Deckers Outdoor’s UGG brand. The firm predicts that the company’s trends will stabilize and inventories will be better controlled after the holiday quarter. Jefferies decided to increase its earnings estimates for Deckers Outdoor, as it also raised its price target to $60 on the stock. The firm says that its conviction in the name has never been higher and reiterates its Buy rating on the stock.
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