UPDATE: Skechers USA (SKX) PT Raised to $44 at Morgan Stanley
Get Alerts SKX Hot Sheet
Price: $58.82 -0.56%
Rating Summary:
20 Buy, 6 Hold, 0 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
Rating Summary:
20 Buy, 6 Hold, 0 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
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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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