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Fly News Breaks for December 6, 2016
SKX
Dec 6, 2016 | 05:51 EDT
Wells Fargo analyst Tom Nikic started Skechers with an Outperform rating and $30-$32 price target range. The analyst views the company as a "compelling" 2017 turnaround story and notes the shares are down roughly 50% from the highs achieved nearly 18 months ago.
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.
