Deckers Outdoor Corp (DECK) Jumps 10% On Upgrade

Shares in Deckers Outdoor Corp (NASDAQ:DECK) have been rising steadily today on the back of two reports that have called the stock undervalued. The first, from Jeffries Research puts a price target of $50 on the company, while the second from Sterne Agee went further, placing a twelve month target of $65 on the stock.

Shares in the firm closed yesterday at $38.29, but have been trending upward today, opening at $42.36 after positive trading before the market opened. The equity stands at $42.13 at time of writing. That denotes a one day...