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Argus Upgrades Deckers Outdoor Corporation (DECK) to Buy from Hold
Argus upgraded Deckers Outdoor Corporation (DECK) to Buy from Hold, citing strong sales growth for its UGG and HOKA brands and management’s raised guidance. This follows other analyst upgrades and price target increases after Deckers reported a robust Q3, with record revenue and EPS driven by global demand for its key brands. The company’s strategic marketplace management and strong full-price selling contributed to its profitable growth.