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Fly News Breaks for August 1, 2018
SKX
Aug 1, 2018 | 16:36 EDT
Morgan Stanley analyst Lauren Cassel initiated Skechers with an Equal Weight and $28 price target saying she is bullish on long-term topline gorwht, but cautious on margins and profitability. Cassel recommends staying on the sidelines until there consistent execution and operating income growth.
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.
