Argus analyst John Staszak is keeping his Hold rating on Skechers in spite of its better than expected Q2 results, saying he sees the company's increased investment in direct-to-consumer business and its international operations to weigh on its margins over the next few quarters. The analyst is also worried about the impact of the China trade dispute and the softer economy in Europe, keeping his FY19 and FY20 EPS estimates unchanged at $1.90 and $2.20.
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UBS raised the firm's price target on Skechers to $88 from $81 and keeps a Buy rating on the shares. UBS expects strong EPS growth and upward earnings revisions to drive the stock higher over the near-term.
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