Skechers USA shares are trading higher after Morgan Stanley upgraded the stock from Equal-Weight to Overweight and raised its price target from $60 to $80.
Portfolio Pulse from Bill Haddad
Skechers USA shares are trading higher after Morgan Stanley upgraded the stock from Equal-Weight to Overweight and raised its price target from $60 to $80.
July 23, 2024 | 10:41 am
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POSITIVE IMPACT
Morgan Stanley upgraded Skechers USA from Equal-Weight to Overweight and increased the price target from $60 to $80, leading to a rise in the stock price.
The upgrade from Morgan Stanley and the significant increase in the price target are strong positive signals for investors, likely leading to increased buying activity and a rise in the stock price.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100