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SKX

Skechers

$26.15

0.24 (0.93%)

08:49
04/21/17
04/21
08:49
04/21/17
08:49

Skechers shares remain too cheap, says Cowen

Cowen analyst John Kernan said Skechers shares remain too cheap as he sees the balance of 2017 having a favorable setup versus the company's conservative guidance and the consensus view. Kernan reiterated his Outperform rating and $35 price target on Skechers shares.

SKX Skechers
$26.15

0.24 (0.93%)

03/24/17
03/24/17
UPGRADE
Target $35

Outperform
Skechers upgraded to Outperform on international mix shift at Cowen
As previously reported, Cowen upgraded Skechers to Outperform from Market Perform and raised its price target to $35 from $26. Analyst John Kernan said Skechers mix shift to an international wholesale-driven model, led by distributor-owned and franchise stores, will produce margin expansion and accelerate earnings and free cash flow growth. Kernan believes Skechers' valuation looks attractive given above average sector sales and +10% earnings CAGR though 2019, improving ROIC, and potential for $1B cash on the balance sheet.
04/10/17
SUSQ
04/10/17
UPGRADE
SUSQ
Neutral
Skechers upgraded to Neutral from Negative at Susquehanna
Susquehanna analyst Sam Poser upgraded Skechers to Neutral with a $25 price target saying shares are fairly valued and reflect near-term challenges following recent share weakness.
04/10/17
04/10/17
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Tesla (TSLA) upgraded to Overweight from Neutral at Piper Jaffray analyst Alexander Potter saying while Model 3 production headlines could create stock volatility, growth investors "can't afford to ignore this stock." Tesla's products have a "captivating impact on consumers and shareholders alike," an advantage that will be hard to replicate, the analyst adds. Potter is more convinced following meetings with management that Model 3 deliveries will begin in 2017. The analyst raised his price target for the shares to $368 from $223. 2. Amazon.com (AMZN) upgraded to Buy from Hold at Needham with analyst Kerry Rice saying he believes its established dominance in U.S. is sustainable with Prime, mobile penetration and third-party growth. Internationally, the analyst believes Europe provides the most near-term upside, while he views India as one of "the most exciting" long-term opportunities. Rice also believes AWS should continue to be a key driver for the company's bottom line growth. 3. Wells Fargo (WFC) upgraded to Neutral from Underweight at Piper Jaffray with analyst Kevin Barker saying headwinds from the account scandal are now embedded in consensus estimates and the stock's valuation. The analyst raised his price target for the shares to $55 from $52. 4. Ulta Beauty (ULTA) upgraded to Buy from Hold at Loop Capital with analyst Anthony Chukumba saying Ulta is the most compelling fundamental story in retail today. Chukumba feels the struggles of high-end department stores plays right into the company's hands. He also thinks Ulta is overdue for a stock split. 5. Skechers (SKX) upgraded to Neutral from Negative at Susquehanna with analyst Sam Poser saying shares are fairly valued and reflect near-term challenges following recent share weakness. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
04/21/17
RILY
04/21/17
UPGRADE
Target $32
RILY
Buy
Skechers upgraded to Buy from Neutral at B. Riley
B. Riley analyst Jeff Van Sinderen upgraded Skechers to Buy citing "strong" international growth and worldwide comps following the company's better than expected Q1 results. The analyst raised his price target for the shares to $32 from $28.

TODAY'S FREE FLY STORIES

ICPT

Intercept

$98.12

1.92 (2.00%)

15:41
09/21/17
09/21
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15:41
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FB

Facebook

$172.17

-0.35 (-0.20%)

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SAFM

Sanderson Farms

$162.06

1.5 (0.93%)

15:38
09/21/17
09/21
15:38
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15:38
Hot Stocks
Sanderson Farms up regular dividend to 32c, declares special dividend of $1.00 »

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SAFM

Sanderson Farms

$162.06

1.5 (0.93%)

15:36
09/21/17
09/21
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Hot Stocks
Breaking Hot Stocks news story on Sanderson Farms »

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SAFM

Sanderson Farms

$162.06

1.5 (0.93%)

15:36
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Hot Stocks
Breaking Hot Stocks news story on Sanderson Farms »

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MIK

Michaels

$21.42

-0.03 (-0.14%)

15:30
09/21/17
09/21
15:30
09/21/17
15:30
Options
Bullish flow continues for a third day in Michaels Companies »

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$NSD

NASDAQ Market Internals

15:17
09/21/17
09/21
15:17
09/21/17
15:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

03/08/13
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$NYE

NYSE Market Internals

15:16
09/21/17
09/21
15:16
09/21/17
15:16
Technical Analysis
NYSE market internals summary »

Volume is below average…

03/08/13
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15:15
09/21/17
09/21
15:15
09/21/17
15:15
General news
Treasury Closing Summary: »

Treasury Closing Summary:…

15:10
09/21/17
09/21
15:10
09/21/17
15:10
General news
Fedspeak is heavy next week, with 12 Committee members scheduled »

Fedspeak is heavy next…

CSX

CSX

$52.81

1.03 (1.99%)

15:05
09/21/17
09/21
15:05
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15:05
Hot Stocks
CSX says service 'rapidly' restored following Hurricane Irma »

CSX said that following…

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  • 17

    Oct

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  • 30

    Oct

GE

General Electric

$24.65

0.33 (1.36%)

15:05
09/21/17
09/21
15:05
09/21/17
15:05
Options
General Electric call volume above normal and directionally bullish »

Bullish option flow…

03/08/13
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  • 02

    Oct

ICPT

Intercept

$98.12

1.92 (2.00%)

15:00
09/21/17
09/21
15:00
09/21/17
15:00
Downgrade
Intercept rating change  »

Intercept downgraded to…

03/08/13
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SNAP

Snap

$13.70

-0.46 (-3.25%)

14:57
09/21/17
09/21
14:57
09/21/17
14:57
Periodicals
Snap cuts headcount at hardware lab, maker of spectacles, Bloomberg says »

According to the report,…

03/08/13
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YELP

Yelp

$43.73

-0.44 (-1.00%)

14:55
09/21/17
09/21
14:55
09/21/17
14:55
Options
Yelp put volume heavy and directionally bearish »

Bearish flow noted in…

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  • 03

    Oct

14:55
09/21/17
09/21
14:55
09/21/17
14:55
General news
Canada CPI preview »

Canada CPI preview: CPI,…

14:50
09/21/17
09/21
14:50
09/21/17
14:50
General news
Canada retail sales preview »

Canada retail sales…

ICPT

Intercept

$98.12

1.92 (2.00%)

14:49
09/21/17
09/21
14:49
09/21/17
14:49
Recommendations
Intercept analyst commentary  »

Citi calls FDA…

03/08/13
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14:45
09/21/17
09/21
14:45
09/21/17
14:45
Conference/Events
Cowen retail analyst hold an analyst/industry conference call »

Retailing/Specialty…

PSTG

Pure Storage

$15.32

0.49 (3.30%)

14:45
09/21/17
09/21
14:45
09/21/17
14:45
Options
Pure Storage call volume above normal and directionally bullish »

Bullish option flow…

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  • 07

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    Dec

NLSN

Nielsen

$40.48

0.06 (0.15%)

, CBS

CBS

$58.90

-0.155 (-0.26%)

14:44
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14:44
Hot Stocks
CBS to use Nielsen Out-of-Home Reporting Service »

Nielsen (NLSN) announced…

NLSN

Nielsen

$40.48

0.06 (0.15%)

CBS

CBS

$58.90

-0.155 (-0.26%)

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  • 27

    Sep

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ALNY

Alnylam

14:41
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ESRX

Express Scripts

$61.82

0.82 (1.34%)

, NVS

Novartis

$85.01

-0.77 (-0.90%)

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Hot Stocks
Express Scripts CMO discusses 'great promise, big price' of gene therapy »

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ESRX

Express Scripts

$61.82

0.82 (1.34%)

NVS

Novartis

$85.01

-0.77 (-0.90%)

03/08/13
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  • 21

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    Sep

  • 25

    Oct

  • 08

    Nov

  • 17

    May

ALNY

Alnylam

$113.84

38.8 (51.71%)

14:40
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14:40
Hot Stocks
Alnylam CEO says more confident in other trials after patisiran data »

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MTX

Minerals Technologies

$69.50

1.1 (1.61%)

14:33
09/21/17
09/21
14:33
09/21/17
14:33
Hot Stocks
Minerals Technologies authorizes $150M, two-year share repurchase program »

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