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B. Riley Starts Skechers USA (SKX) at Buy, Sets $25 Price Target

August 1, 2011 12:09 PM EDT
Get Alerts SKX Hot Sheet
Price: $63.13 --0%

Rating Summary:
    11 Buy, 16 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
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B. Riley initiated coverage on Skechers USA (NYSE: SKX) with a Buy rating and a $25.00 price target.

Despite the new bullish rating, Skechers shares are down 3 percent to $16.15 Monday afternoon. The firm's new target implies potential upside of about 55 percent from where the stock is currently trading.

For more ratings news on Skechers USA click here and for the rating history of Skechers USA click here.


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