BofA analyst Christopher Nardone lowered the firm’s price target on Skechers (SKX) to $80 from $81 and keeps a Buy rating on the shares. Management raised the low end of its FY24 sales outlook to $8.925B-$8.975B to reflect the continued brand strength across channels, notes the firm, which raised its own FY24 EPS view by 14c to $4.22 to reflect the Q3 EPS beat and lowered its FY25 EPS view to $4.72 from $4.76.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SKX:
- Skechers price target raised to $84 from $83 at Deutsche Bank
- 3 Best Stocks to Buy Now, 10/25/2024, According to Top Analysts
- Skechers price target raised to $84 from $81 at Morgan Stanley
- Skechers price target raised to $80 from $79 at Barclays
- Closing Bell Movers: Deckers up 12% after earnings beat