Skechers’ Upgrade Equated To A Sell Opportunity

I guess Skechers efforts on new line of products, store renovation, inventory management, online presence, etc. has put them in a position for the upgrade yesterday. 

In a note to clients, Susquehanna Research analyst Sam Poser upgraded the company to positive from neutral and raised his target price on the stock to $37 from $32, noting that his check-ins at various retail locations and also recent results from wholesalers point to stronger demand for the company’s products.“Proprietary checks and recent results from wholesale partners indicate Skechers’ business is gaining momentum,” Poser said, adding that “men’s and women’s fashion athletic styles and

About the author: TIMM Trader

Uniting Experts & Novices for Mutual Profit!