Skechers price target raised to $63 from $53 at UBS

UBS analyst Jay Sole raised the firm’s price target on Skechers to $63 from $53 and keeps a Buy rating on the shares. Sole expects Street EPS estimates and Skechers’ P/E will move higher on the Q4 report, the analyst tells investors in a research note. The firm’s Evidence Lab’s Google analysis reveals mostly favorable data trends, the analyst says.