UBS reiterated its bullish outlook and "Buy" rating for Deckers Outdoor Corporation, though it continues to monitor the pace of the HOKA brand's growth recovery in the United States. The firm had previously adjusted its price target down slightly on October 8, reflecting a slower-than-anticipated improvement in HOKA's domestic direct-to-consumer sales. Despite the slower U.S. trends for HOKA, demand for the brand remains strong in international markets. Furthermore, the continued solid performance of Deckers' other major brands, UGG and Teva, provides support for the company's overall revenue stability. Analysts are looking ahead to see if HOKA's domestic growth can regain momentum in the coming quarter. No specific market reaction to this analyst note was available in the search results. The company is expected to release its second-quarter earnings results on October 23.
UBS Maintains Bullish Outlook on Deckers as HOKA's U.S. Growth Remains a Focus
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