Raymond James lowered the firm’s price target on Skechers (SKX) to $75 from $80 and keeps an Outperform rating on the shares. Skechers reported Q4 growth that was in line, but guidance for Q1 and fiscal 2025 was below expectations, the analyst tells investors in a research note. Though FY25 revenue guidance reflects a deceleration from FY24, the firm considers it robust and views Skechers’ long-term levers as intact and the company as a global market share gainer with strong demand from current innovation.
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Read More on SKX:
- Skechers price target lowered to $79 from $86 at Deutsche Bank
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