Skechers price target raised to $62 from $59 at Wedbush

Wedbush analyst Tom Nikic raised the firm’s price target on Skechers to $62 from $59 and keeps an Outperform rating on the shares. The firm remains bullish on Skechers’ shares following a group meeting with CFO John Vandemore, COO David Weinberg, IR Eunice Han and external IR Andrew Greenebaum. Skechers’ brand continues to resonate strongly on a global basis, even amid the tough macro, says Wedbush.