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.
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: