Raymond James Maintains Outperform on Skechers USA, Raises Price Target to $59
Portfolio Pulse from richadhand@benzinga.com
Raymond James analyst Rick Patel has maintained an Outperform rating on Skechers USA (NYSE:SKX) and raised the price target from $58 to $59.
July 28, 2023 | 12:22 pm
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POSITIVE IMPACT
Raymond James has maintained an Outperform rating on Skechers USA and raised the price target from $58 to $59, which could positively impact the stock.
The Outperform rating maintained by Raymond James indicates that they expect Skechers USA to outperform the market. The increase in the price target from $58 to $59 suggests that they believe the stock has potential for further growth. This could lead to increased investor confidence and a potential rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100