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Fly News Breaks for July 20, 2018
SKX
Jul 20, 2018 | 10:32 EDT
Standpoint Research analyst Ronnie Moas upgraded Skechers to Buy from Hold with a 2019 price target of $32. The stock is down 23%, or $7.61, to $25.64 following last night's Q2 results. The analyst says he likes buying retailers when shares overreact to bad news and trade towards a 10 times price-to-earnings multiple.
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