Piper Sandler Upgrades Skechers USA to Overweight, Raises Price Target to $59
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Abbie Zvejnieks has upgraded Skechers USA (NYSE:SKX) from Neutral to Overweight and raised the price target from $54 to $59.
September 18, 2023 | 8:59 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Skechers USA has been upgraded from Neutral to Overweight by Piper Sandler, with a raised price target of $59.
The upgrade from Neutral to Overweight indicates a positive outlook for Skechers USA. The raised price target suggests that the analyst believes the stock has potential for significant growth. This could lead to increased investor interest and a potential rise in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100