Deckers Outdoor price target raised to $158 from $144 at UBS

UBS analyst Jay Sole raised the firm’s price target on Deckers Outdoor (DECK) to $158 from $144 and keeps a Buy rating on the shares. UBS sees a good opportunity to buy shares, and expects Deckers’ EPS to continue to positively surprise over the next couple quarters due to its Hoka brand sales growth rate accelerating and its UGG brand performing better than expected, the analyst tells investors in a research note.