| 2016-10-13 08:27:42|
SKX 08:27 10/13 10/13/16
Skechers risk/reward viewed as compelling at Citi
Citi analyst Corinna Van der Ghinst believes shares of Skechers are now pricing in a more bearish view of the U.S. and reduced margin expectations, creating a "compelling" risk/reward profile. The analyst lowered her price target for the shares to $33 from $38 and keeps a Buy rating on the shares. Van der Ghinst is taking a more conservative stance on Skechers' U.S. business citing a "tepid" back-to-school season as well as further discounting on premium competing brands in the mid-tier this fall.