TD Cowen Maintains Buy on Skechers USA, Lowers Price Target to $76
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst John Kernan maintains a Buy rating on Skechers USA (NYSE:SKX) but lowers the price target from $78 to $76.
October 14, 2024 | 3:16 pm
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TD Cowen analyst John Kernan maintains a Buy rating on Skechers USA but lowers the price target from $78 to $76, indicating a slight adjustment in expected valuation.
The analyst's decision to maintain a Buy rating suggests continued confidence in Skechers' performance, but the slight reduction in the price target indicates a minor adjustment in expected valuation. This could lead to a neutral short-term impact on the stock price as the overall sentiment remains positive.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100