Skechers weakness a buying opportunity, says Brean Capital Brean Capital views the recent weakness in Skechers as a buying opportunity following meetings with management. The firm believes the company has global brand awareness and a visible path to future sustainable profitability. Shares are Buy rated with a $39 price target.
News For SKX From The Last 14 Days
Check below for free stories on SKX the last two weeks.
Skechers price target raised to $66 from $60 at Citigroup Citigroup expects Skechers' momentum to continue into the second half of the year following "upbeat" meetings with management. Citi upped its price target to $66 and raised its earnings estimates for the company. The firm reiterates a Buy rating on the stock.
Skechers price target raised to $65 from $60 at Susquehanna Susquehanna raised its price target on Skechers to $65 from $60 to reflect a strong sell-through in July and positive feedback from retailers ahead of the company's largest booking month. The firm sees increasing operating margins and said its channel checks indicate strong market share gains. Susquehanna maintains its Positive rating on the stock.