Wedbush Maintains Outperform on Skechers USA, Raises Price Target to $76
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 $68 to $76.
April 26, 2024 | 2:35 pm
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POSITIVE IMPACT
Wedbush analyst Tom Nikic has reaffirmed an Outperform rating on Skechers USA and raised the price target from $68 to $76, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst like Tom Nikic from Wedbush suggests a strong confidence in Skechers USA's future performance. This endorsement is likely to positively influence investor sentiment and potentially drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100