UPDATE: Skechers USA (SKX) PT Raised to $44 at Morgan Stanley
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Get Alerts SKX Hot Sheet
Price: $63.13 --0%
Rating Summary:
11 Buy, 16 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 14 | Down: 50 | New: 9
Rating Summary:
11 Buy, 16 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 14 | Down: 50 | New: 9
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(Updated - April 20, 2021 7:22 AM EDT)
Morgan Stanley analyst Kimberly Greenberger raised the price target on Skechers USA (NYSE: SKX) to $44.00 (from $41.00) while maintaining a Equalweight rating despite revenue growth, GM expansion & valuation suggesting stock upside.
The analyst stated "volatile EBIT flow-through drives frequent EPS misses & clouds the EBIT margin/EPS trajectory. We stay EW for now, but see a multiple re-rating opportunity if mgmt improves the relationship between topline & EBIT growth."
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