TD Cowen lowered the firm’s price target on Skechers to $76 from $78 and keeps a Buy rating on the shares. The firm noted management pointed to weak China trends intra-quarter and theoiug its joint venture structure minimizes EPS downside risk, Cowen is lowering EPS estimates slightly as well as their target price.
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Read More on SKX:
- 3 Best Stocks to Buy Now, 9/23/2024, According to Top Analysts
- Skechers price target lowered to $81 from $87 at BofA
- Skechers down 4% as company presents at Wells Fargo conference
- Skechers says in process now of ‘doing reset’ for forthcoming quarters
- Skechers says China near-term pressure worse than anticipated, excited long-term
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