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Fly News Breaks for October 23, 2015
SKX
Oct 23, 2015 | 07:33 EDT
Buckingham downgraded Skechers to Neutral and lowered its price target on shares to $30 from $55. Following the Q3 miss, the analyst believes Skechers has become a "show-me" story based on growing inventory, general caution towards a tepid retail environment, and questions around growth.
News For SKX From the Last 2 Days
SKX
Apr 17, 2024 | 08:20 EDT
Evercore ISI lowered the firm's price target on Skechers to $68 from $73 and keeps an Outperform rating on the shares. Though the firm's U.S. checks suggest year-to-date trends have been positive, Evercore expects revenues to be slightly below consensus at 9.2% year-over-year growth given more muted U.S. trends and macro pressure in both Europe and the China market.
