Morgan Stanley Maintains Overweight on Skechers USA, Raises Price Target to $84
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Alex Straton maintains an Overweight rating on Skechers USA and raises the price target from $81 to $84.
October 25, 2024 | 11:38 am
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Morgan Stanley's analyst Alex Straton has maintained an Overweight rating on Skechers USA and increased the price target from $81 to $84, indicating a positive outlook on the stock.
The increase in price target from $81 to $84 by Morgan Stanley suggests a positive outlook for Skechers USA, likely leading to a short-term increase in stock price. The Overweight rating indicates confidence in the stock's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100