Skechers tp explore purchasing an interest in Los Angeles Clippers SKECHERS USA announced that it will explore acquiring an interest in the Los Angeles Clippers basketball team. The company is consulting with its advisors about leading an investment group to acquire an interest in the team.
On The Fly: Analyst Upgrade Summary Today's noteworthy upgrades include: Ally Financial (ALLY) upgraded to Outperform from Market Perform at Bernstein... BGC Partners (BGCP) upgraded to Outperform from Market Perform at Keefe Bruyette... Ballard Power (BLDP) upgraded to Buy from Hold at Lake Street... Copa Holdings (CPA) upgraded to Buy from Hold at Deutsche Bank... HubSpot (HUBS) upgraded to Overweight from Neutral at JPMorgan... INC Research (INCR) upgraded to Outperform from Neutral at RW Baird... Mosaic (MOS) upgraded to Buy at UBS... NICE Systems (NICE) upgraded to Equal Weight from Underweight at Barclays... Skechers (SKX) upgraded to Neutral from Underperform at Buckingham... TubeMogul (TUBE) upgraded to Buy from Neutral at Citigroup... Urban Outfitters (URBN) upgraded to Buy from Neutral at Goldman... Willis Group (WSH) upgraded at Morgan Stanley.
Skechers price target raised to $102 from $70 at Wunderlich Wunderlich raised its price target for Skechers to $102 after the company's outlook for Q1 came in well above expectations. The firm reiterates a Buy rating on the stock.
Skechers price target raised to $82 from $68 at Citigroup Citigroup raised its price target for Skechers to $82 following the company's Q4 results saying accelerating backlogs suggest continued global momentum. The firm sees increased visibility and views the valuation as attractive despite the recent rally in shares. It keeps a Buy rating on Skechers.