B of A Securities Initiates Coverage On Skechers USA with Neutral Rating, Announces Price Target of $67
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Christopher Nardone initiates coverage on Skechers USA (NYSE:SKX) with a Neutral rating and sets a price target of $67.
March 08, 2024 | 2:25 pm
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NEUTRAL IMPACT
B of A Securities initiated coverage on Skechers USA with a Neutral rating and a price target of $67.
The initiation of coverage by B of A Securities with a Neutral rating suggests a balanced view on Skechers USA's stock performance in the short term. The price target of $67 indicates the analyst's expectation of the stock's potential to reach this level, but the Neutral rating does not imply a strong bullish or bearish stance. Therefore, the impact on the stock price in the short term is likely to be moderate, as investors may take a wait-and-see approach based on this new analyst coverage.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 90