UBS lowered the firm’s price target on Deckers Outdoor (DECK) to $157 from $158 and keeps a Buy rating on the shares. Hoka’s U.S. direct-to-consumer sales growth appears to have improved slightly quarter over quarter but remains modest, aligning with investor expectations, the analyst says. As a result, Deckers Outdoor’s upcoming Q2 report is unlikely to meaningfully affect valuation multiples or consensus EPS estimates, suggesting a balanced risk-reward outlook.
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