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Fly News Breaks for September 21, 2016
SKX
Sep 21, 2016 | 07:52 EDT
As previously reported, Morgan Stanley downgraded Skechers to Equal Weight from Overweight and lowered its price target to $25 from $41. Analyst Jay Sole believes consumers shift towards pure fashion styles and away from athletic footwear is causing Skechers to adjust assortment, resulting in slower sales growth. Sole sees no positive fashion catalysts until 1H 2017 and expects consensus estimates to fall.
News For SKX From the Last 2 Days
SKX
Apr 26, 2024 | 09:48 EDT
Skechers is up 15.5%, or $9.12 to $67.94.
SKX
Apr 26, 2024 | 08:38 EDT
UBS raised the firm's price target on Skechers to $88 from $81 and keeps a Buy rating on the shares. UBS expects strong EPS growth and upward earnings revisions to drive the stock higher over the near-term.
SKX
Apr 25, 2024 | 17:21 EDT
Check out this evening's top movers from around Wall Street, compiled by The Fly. HIGHER AFTER EARNINGSSnap (SNAP) up... To see the rest of the story go to thefly.com. See Story Here
SKX
Apr 25, 2024 | 16:09 EDT
Raises FY24 revenue view to $8.725B-$8.875B from $8.6B-$8.8B, consensus $8.78B.