Wunderlich Securities Believes Fall 2015 Preview Bodes Well For Deckers Outdoor

In a report published Wednesday, Wunderlich Securities analyst Danielle McCoy reiterated a Buy rating and $121.00 price target on Deckers Outdoor Corp (NYSE: DECK).

In the report, Wunderlich Securities noted, “Deckers (DECK) hosted a Fall 2015 UGG product preview at its NYC showroom yesterday. It was clear that the focus is on retaining UGG's leading position within the luxurious comfort footwear market and increasing share as it builds upon its lifestyle appeal. With footwear extensions from sneakers to fashion boots, and expanded lounge and home assortments set to ship as early as May 2015, there is enough newness for frequent flows throughout the season. What's different this time and perhaps the most important takeaway, is with several years of testing, the 2015 collection consists of strong product stories and winning styles. We believe UGG remains amongst the top, if not the #1 most desired comfort brands and that there remains significant opportunities to expand global distribution.”

Deckers Outdoor closed on Tuesday at $95.86.