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Fly News Breaks for December 17, 2018
SKX
Dec 17, 2018 | 05:52 EDT
Stifel analyst Jim Duffy started Skechers with a Buy rating and $32 price target. The company is well positioned to drive international growth and gain share in the growing global footwear market, Duffy tells investors in a research note. Skechers is a "fast-follower with a speed competency and global scale to operate cost effectively," says the analyst. With an estimated $3.00 plus in earnings power per share in three-to-five years, the analyst views the current valuation as an attractive entry point for long-term investors.
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