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Fly News Breaks for February 8, 2016
SKX
Feb 8, 2016 | 08:36 EDT
Sterne Agee CRT believes that Skechers is poised to perform well in Q4 and fiscal 2016. The firm says data indicates that the company's sales jumped 30% last quarter and 24% in January. It adds that three of the company's largest wholesale accounts have said they expect their Skechers business to rise by the mid teen to low 20s percentage levels in 2016. The firm expects Skecher's gross margins to continue to increase. It keeps a $54 price target and Buy rating on the shares.
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