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Fly News Breaks for February 8, 2019
SKX
Feb 8, 2019 | 09:22 EDT
UBS analyst Jay Sole believes Skechers' positive margin surprise will likely drive big stock price upside today. The analyst expects consensus estimates to rise 10-15% today and sees the stock moving back toward its 16 multiple quickly, citing its new earnings outlook, investors changing their view on the company's ability to control SG&A, and the expectations for consensus estimates to increase. Sole reiterated his Buy rating on Skechers shares.
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