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Deckers Outdoor price target raised to $60 from $50 at Jefferies

Jefferies believes the drop in temperatures in January likely provided a buying catalyst for Deckers Outdoor's UGG brand. The firm expects the company's trends to stabilize and inventories to come under control after the holiday quarter. Jefferies raised its earnings estimates for Deckers Outdoor, upped its price target for shares to $60, and says its conviction in the name has never been higher. The firm keeps a Buy rating on the stock.