Wedbush raised its price target on Skechers USA (NYSE: SKX) to $45.00 (from $39.00) while maintaining a Outperform rating.

Analyst Christopher Svezia commented, "Our checks indicate that SKX's global business has been sustained if not accelerated through the month of December, leading to not only potential upside for the 4Q but also cementing our belief that consensus expectations for FY18 revenue growth are too low (particularly 1H18). We are increasing our estimates and price target to $45 from $39 as a result. A combination of strength across kid's and men’s in addition to the anniversary of difficult comparisons in Go Walk have led to a strengthening at wholesale and retail comps, while Europe and China continue to outperform. We expect this momentum to carry into the 1H18 at mid-teens growth vs consensus of +12%. With the US wholesale segment returning to +MSD growth and leverage improving."