Morgan Stanley Upgrades Skechers USA to Overweight, Raises Price Target to $80
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley has upgraded Skechers USA (NYSE:SKX) from Equal-Weight to Overweight and raised the price target from $60 to $80.
July 23, 2024 | 9:41 am
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POSITIVE IMPACT
Morgan Stanley has upgraded Skechers USA from Equal-Weight to Overweight and increased the price target from $60 to $80.
The upgrade from Morgan Stanley and the significant increase in the price target are likely to positively impact Skechers' stock price in the short term as it reflects increased confidence in the company's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100