Stifel Maintains Buy on Skechers USA, Raises Price Target to $72
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Jim Duffy has maintained a Buy rating on Skechers USA (NYSE:SKX) and increased the price target from $62 to $72, indicating a positive outlook on the company's stock.
December 14, 2023 | 2:29 pm
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Stifel analyst Jim Duffy reaffirmed a Buy rating on Skechers USA and raised the price target to $72, suggesting confidence in the company's future performance.
The increase in price target by Stifel reflects a strong vote of confidence in Skechers USA's future performance and growth potential. This positive analyst rating is likely to influence investor sentiment and could lead to a short-term increase in the stock price as the market reacts to the news.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100