Jefferies resumes coverage on Deckers Outdoor (NASDAQ: DECK) with a Buy. PT $50.00.
"We see significant upside in coming quarters due to improving performance of the UGG brand which we think is far from dead," analyst Randal J. Konik said. "Further, we expect growth from the retail store rollout, int'l expansion, brand extensions, and the smaller brands. Meanwhile, margin tailwinds are on the way. With valuation attractive, we would aggressively buy DECK at current levels."