Stifel analyst Jim Duffy upgraded Deckers Outdoor Corporation (NYSE: DECK) from a "Hold" rating to a "Buy," while maintaining a price target of $117 per share. The upgrade was reported on November 18, 2025, and was a key driver for the stock's movement ahead of the market open on November 19. Following the news, Deckers' stock saw an increase of over 2% in trading on November 18. This positive analyst action comes after a period of mixed sentiment, where various firms had adjusted price targets following the company's second-quarter earnings report in late October. The upgrade suggests a renewed confidence in the company's performance and future outlook despite previous concerns about its key brands.