UBS analyst Jay Sole raised the firm’s price target on Skechers to $69 from $63 and keeps a Buy rating on the shares after its Q4 earnings beat. The quarter showed that the demand for the company’s products remains robust, and while a slower recovery in China and supply chain challenges negatively affected Q4 margins and earnings, Skechers looks to be on track to deliver $10B in revenue by 2026, the analyst tells investors in a research note.
Published first on TheFly
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