Skechers USA (SKX) PT Raised to $52 at Susquehanna on 4Q Report; 'Exceptional Underlying Demand Across Geographies & Channels'
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Price: $63.13 --0%
Rating Summary:
11 Buy, 16 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 4 | Down: 11 | New: 23
Rating Summary:
11 Buy, 16 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 4 | Down: 11 | New: 23
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Susquehanna raised its price target on Skechers USA (NYSE: SKX) to $52.00 (from $46.00) while maintaining a Positive rating, following the company's fourth quarter earnings report.
Analyst Sam Poser notes a positive outlook on the shares, as the company reported fourth quarter earnings per share and revenues results above consensus projections driven by revenue upside and significant SG&A leverage, along with exception underlying demand across geographies and channels.
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