Skechers should be bought ahead of Q4 results, says Susquehanna Susquehanna recommends buying Skechers ahead of the company's Q4 results, based on what the firm sees as the company's continued growth momentum and significant margin opportunity. The firm's checks indicate that the company's performance has strengthened. and it thinks the company's results could beat expectations. The firm keeps a Positive rating on the stock.
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.