Stifel lowered the firm’s price target on Skechers (SKX) to $80 from $83 and keeps a Buy rating on the shares. FY25 guidance for $9.7B-$9.8B revenue points to “continued share gains in the choppy global footwear market,” while the EPS outlook for $4.30-$4.50 fell shy of expectations due to lower profit flow-through, the analyst tells investors. Given the forward growth potential, and track record of execution, the firm continues to view shares as “worth more,” the analyst added.
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