Piper Sandler raised the firm’s price target on Deckers Outdoor (DECK) to $95 from $85 and keeps an Underweight rating on the shares. The firm notes the company beat Q3 and raised FY26 guide. However, Piper worries about forward demand given Q4 guide for 13%-14% implies deceleration on top of a 14-point easier compare; it calculates International grew 30%-plus, with U.S. Wholesale much more muted, despite new door growth; on the firm’s math, U.S. direct-to-consumer improved to high single digit, to be expected given promos.
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