Canaccord analyst Camilo Lyon raised his price target for Deckers Brands to $188 from $164 and reiterated a Buy rating following the company's "blowout" Q4, saying the quarter underscores just how well the management team has executed on its strategies over the past two years to diversify its product line and channel mix across UGG and Hoka. In a research note to investors, Lyon says the evolution of the Deckers story over the past five years has been one of "limited 12-month visibility and hoping for favorable weather" to "strong control over the business with definable downside risk."