Wedbush Morgan Downgrades Skechers USA (SKX) to Buy

June 10, 2008 9:40 AM EDT

Wedbush Morgan downgrades Skechers USA (NYSE: SKX) from Strong Buy to Buy and lowers their price target from $28 to $27.

The firm said shifting trends and difficult environment likely to impact results. The firm also reduced estimates on SKX.


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