Evercore ISI lowered the firm’s price target on Skechers to $68 from $73 and keeps an Outperform rating on the shares. Though the firm’s U.S. checks suggest year-to-date trends have been positive, Evercore expects revenues to be slightly below consensus at 9.2% year-over-year growth given more muted U.S. trends and macro pressure in both Europe and the China market.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SKX: