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Skechers price target lowered to $62 from $65 at Cowen
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Skechers price target lowered to $62 from $65 at Cowen

Cowen analyst John Kernan lowered the firm’s price target on Skechers to $62 from $65 and keeps an Outperform rating on the shares. The analyst said Q4 expense pressures and the initial outlook for 2023 is likely to create some near-term uncertainty in the model and sentiment but we view this as reflected in the valuation.

Published first on TheFly

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