Wedbush Maintains Outperform on Skechers USA, Raises Price Target to $75
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Tom Nikic has maintained an Outperform rating on Skechers USA (NYSE:SKX) and increased the price target from $62 to $75, indicating a positive outlook on the company's stock.
January 17, 2024 | 1:22 pm
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Wedbush analyst Tom Nikic has reaffirmed an Outperform rating on Skechers USA and raised the price target to $75, suggesting confidence in the company's future performance.
The increase in price target by Wedbush 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