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Fly News Breaks for March 29, 2016
DECK
Mar 29, 2016 | 08:39 EDT
Citi analyst Corinna Van der Ghinst raised her price target for Deckers Outdoor to $69 saying the UGG transition has "paved the way for a more sustainable business" in FY17 and longer term. Conversations with industry contacts indicate that UGG's wholesale partners remain committed to the brand and shelf-space, Van der Ghinst tells investors in a research note. She believes shares of Deckers remain attractively valued despite the year-to-date move higher. The analyst keeps a Buy rating on the name.
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