Morgan Stanley Maintains Equal-Weight on Skechers USA, Raises Price Target to $49
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Alex Straton has maintained an Equal-Weight rating on Skechers USA (NYSE:SKX) and raised the price target from $48 to $49.
August 29, 2023 | 1:15 pm
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NEUTRAL IMPACT
Morgan Stanley has maintained an Equal-Weight rating on Skechers USA and raised the price target from $48 to $49.
The news is directly about Skechers USA (SKX). Morgan Stanley's decision to maintain an Equal-Weight rating indicates a neutral outlook for the stock. However, the increase in price target from $48 to $49 suggests a slightly positive sentiment. The impact on the stock price in the short term is uncertain, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100