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Fly News Breaks for October 23, 2015
SKX
Oct 23, 2015 | 09:20 EDT
Susquehanna said it would use today's weakness in Skechers as a buying opportunity. The firm said the company's miss was not brand specific and the company's global growth opportunity is on track for 2016. Susquehanna said worries appear overblown, with domestic wholesale hit by calendar shifts and inventory distorted near-term. Susquehanna reiterated its Positive rating but lowered its price target to $45 from $55 on Skechers shares.
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