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Deckers Shares Rise About 4% as StoneX Starts Coverage With Buy Rating

StoneX set a $110 target, citing expansion prospects at HOKA and UGG and its view of Deckers' valuation.

Updated 1 min read
An employee walks toward the Deckers Outdoor headquarters in Goleta, California. / EconoTimes.ai
An employee walks toward the Deckers Outdoor headquarters in Goleta, California. / EconoTimes.ai

StoneX Financial began coverage of Deckers Outdoor Corporation with a Buy rating and a $110 target on Nov. 13, when the footwear maker's shares gained roughly 4%. The brokerage cited expansion prospects at HOKA and UGG.

StoneX also pointed to its assessment of Deckers' valuation.

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