B of A Securities Upgrades Skechers USA to Buy, Raises Price Target to $87
Portfolio Pulse from Benzinga Newsdesk
B of A Securities has upgraded Skechers USA (NYSE:SKX) from Neutral to Buy and raised the price target from $71 to $87, as per analyst Christopher Nardone.
June 07, 2024 | 11:03 am
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POSITIVE IMPACT
B of A Securities has upgraded Skechers USA from Neutral to Buy and increased the price target from $71 to $87. This upgrade reflects a positive outlook on the company's future performance.
The upgrade from Neutral to Buy and the significant increase in the price target from $71 to $87 by a reputable analyst at B of A Securities indicates strong confidence in Skechers' future performance. This is likely to positively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100