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DECK / Hoka footwear brand steps up the pace, and price target, for Deckers Outdoor, broker says

Hoka footwear brand steps up the pace, and price target, for Deckers Outdoor, broker says
Hoka is one of the world's fastest-growing footwear brands, with fourth-quarter 2023 sales jumping 40% year-over-year, brokers at UBS said in a note as they maintained a ‘Buy' rating on its owner, Deckers Outdoor Corp (NYSE:DECK). What's more, they raised their price target for Deckers to $610 from $560, saying the company's strong outlook for sales and earnings justifies a 20 times price/earnings multiple. Read More
Posted: May 29 2023, 11:37
Author Name: Proactive Investors
Views: 110266

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