Reported 2 days ago
Raymond James has lowered its price target for Skechers (SKX) from $80 to $75 while maintaining an Outperform rating. The adjustment comes after Skechers reported fourth-quarter growth in line with expectations, but provided first-quarter and fiscal 2025 guidance that fell short. Despite this, Raymond James considers the revenue projections robust and believes Skechers remains a strong competitor in the global market.
Source: YAHOO