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.
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