NEW YORK (TheStreet) -- Deckers Outdoor (DECK) shares were upgraded to "neutral" from "underperform" by analysts at Credit Suisse (CS) on Monday. The firm set a $82 price target on the shares.
Credit Suisse cited international and retail growth as reasons for the upgrade.
"Results were robust across geographies and channels, with the outlook for continued top-line and earnings growth; this suggests that recent (aggressive) investments in owned retail and international will ultimately generate higher returns than previously anticipated," said the analysts.
Separately, TheStreet Ratings team rates DECKERS OUTDOOR CORP as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:
"We rate DECKERS OUTDOOR CORP (DECK) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income."
Highlights from the analysis by TheStreet Ratings Team goes as follows: