Skechers’ Upgrade Equated To A Sell Opportunity – Part 2

I spoke about Skechers a little under a month ago,

Skechers’ Upgrade Equated To A Sell Opportunity

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.So, although Skechers got upgrade and although the price rose 3% on the news, it was actually an opportunity to short the stock as suggested by the daily supply at $34 with a price target

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