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Deckers Outdoor has best risk/reward in retail, says Jefferies

After attending the UGG product preview, Jefferies believes the product for fall 2013 is compelling. Jefferies thinks the UGG business has picked up as the weather has cooled and says Deckers Outdoor shares have the best risk/reward profile in retail today. The firm reiterates a Buy rating on the stock with a $50 price target.