B of A Securities Maintains Buy on Skechers USA, Lowers Price Target to $81
Portfolio Pulse from Benzinga Newsdesk
B of A Securities has maintained its 'Buy' rating on Skechers USA but has lowered the price target from $87 to $81.
September 23, 2024 | 3:59 pm
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NEUTRAL IMPACT
B of A Securities has maintained its 'Buy' rating on Skechers USA but has lowered the price target from $87 to $81, indicating a slightly less optimistic outlook.
The maintenance of a 'Buy' rating suggests continued confidence in Skechers' performance, but the lowered price target indicates a tempered outlook, possibly due to market conditions or company performance. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100