Skechers price target raised to $84 from $83 at Deutsche Bank

Deutsche Bank raised the firm’s price target on Skechers (SKX) to $84 from $83 and keeps a Buy rating on the shares. The company reported a “beat and raise” Q3, reflecting wholesale strength and Europe, the Middle East and Africa upside, partially offset by a gross margin miss on China weakness and promotions, the analyst tells investors in a research note. The firm sees these issues as transitory.