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Deckers Outdoor recommended into Q3 results at Jefferies

Jefferies recommends buying shares of Deckers Outdoor into the company's Q3 results in a few weeks. The firm expects higher than expected Q3 and Q4 earnings to drive multiple expansion, and notes a short squeeze is possible with 30% of the float still being short. Jefferies reiterates a Buy rating on the Deckers Outdoor with a $100 price target.