Evercore ISI Group Maintains Outperform on Skechers USA, Lowers Price Target to $68
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group analyst Jesalyn Wong maintains an Outperform rating on Skechers USA (SKX) but lowers the price target from $73 to $68.
April 17, 2024 | 4:38 pm
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NEUTRAL IMPACT
Evercore ISI Group maintains an Outperform rating on Skechers USA but lowers the price target from $73 to $68.
The adjustment in price target by Evercore ISI Group, while maintaining an Outperform rating, suggests a continued positive outlook on Skechers USA but with a slightly moderated growth expectation. This could lead to a neutral short-term impact on SKX's stock price as the market digests the revised target amidst ongoing bullish sentiment.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100