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.