TD Cowen raised the firm’s price target on Skechers to $93 from $88 and keeps a Buy rating on the shares. TD’s 2025 outlook on softlines retail is “constructive with narratives of momentum and turnaround opportunities,” the analyst tells investors in a research note. Heading into 2025, the firm views Amer Sports (AS), Burlington Stores (BURL), Deckers Outdoor (DECK), Dick’s Sporting (DKS), Lululemon (LULU), On Holding (ONON), Skechers (SKX), and Ralph Lauren (RL) as best positioned relative to consensus estimates and investor sentiment.
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Read More on SKX:
- Skechers on track for $10B in revenue by 2026, says UBS
- Insider Trading: Skechers’ (SKX) Key Executive Sells Stock Worth $1.4M
- Skechers assumed with a Neutral at Piper Sandler
- Skechers price target raised to $88 from $76 at TD Cowen
- Skechers initiated with a Hold at Needham
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.