Wedbush Maintains Outperform on Skechers USA, Lowers Price Target to $68
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Tom Nikic has maintained an Outperform rating on Skechers USA (NYSE:SKX) but lowered the price target from $75 to $68.

February 02, 2024 | 1:27 pm
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NEUTRAL IMPACT
Wedbush maintains an Outperform rating on Skechers USA but lowers the price target from $75 to $68.
While the reduction in price target could suggest a tempered outlook on Skechers' near-term price performance, the maintenance of an Outperform rating indicates a continued positive long-term view on the company by Wedbush. This mixed signal could lead to neutral short-term price movement as investors weigh the lowered price target against the analyst's overall bullish stance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100