Wells Fargo Initiates Coverage On Skechers USA with Overweight Rating, Announces Price Target of $83
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo has initiated coverage on Skechers USA with an Overweight rating and set a price target of $83.
June 12, 2024 | 10:42 am
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POSITIVE IMPACT
Wells Fargo has initiated coverage on Skechers USA with an Overweight rating and set a price target of $83, indicating a positive outlook for the stock.
The Overweight rating and the price target of $83 from a reputable financial institution like Wells Fargo suggest a positive sentiment towards Skechers USA. This is likely to boost investor confidence and could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100