Raymond James Maintains Outperform on Skechers USA, Raises Price Target to $68
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Rick Patel has reaffirmed an Outperform rating on Skechers USA (NYSE:SKX) and increased the price target from $56 to $68.

January 30, 2024 | 2:38 pm
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POSITIVE IMPACT
Raymond James has maintained an Outperform rating on Skechers USA and raised the price target to $68, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst like Rick Patel from Raymond James typically signals a strong conviction in the company's future performance and growth potential. This can positively influence investor sentiment and potentially lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100