Wedbush Reiterates Outperform on Skechers USA, Maintains $59 Price Target
Portfolio Pulse from richadhand@benzinga.com
Wedbush analyst Tom Nikic has reiterated an Outperform rating on Skechers USA (NYSE:SKX) and maintained a $59 price target.
August 10, 2023 | 1:45 pm
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Wedbush analyst has reiterated an Outperform rating on Skechers USA and maintained a $59 price target.
The reiteration of an Outperform rating and a maintained price target by a reputable analyst like Tom Nikic from Wedbush is a positive signal for Skechers USA. This could potentially lead to an increase in investor confidence and a positive impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100