Barclays Maintains Overweight on Skechers USA, Raises Price Target to $80
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Adrienne Yih maintains an Overweight rating on Skechers USA and raises the price target from $79 to $80.
October 25, 2024 | 5:35 pm
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Barclays analyst Adrienne Yih maintains an Overweight rating on Skechers USA and raises the price target from $79 to $80.
The increase in the price target from $79 to $80 by Barclays, along with the maintained Overweight rating, suggests a positive outlook for Skechers USA. This could lead to a short-term increase in the stock price as investors react to the analyst's confidence in the company's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100