Sterne Agee Maintains Buy On Skechers USA Shares, $70 PT


In a research report issued today, Sterne Agee analyst Sam Poser maintained a Buy rating on Skechers USA Inc (NYSE:SKX) with a price target of $70.00.

Poser said, “SKX stock has been modestly pressured today following David Weinberg’s sale of 25K shares. This sale appears to be a routine part of Mr. Weinberg’s personal financial activity. Mr. Weinberg has been selling 25K share lots in the August/September period going back to 2010, at prices well below current levels.”

According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Sam Poser has a total average return of 21.3% and a 75.0% success rate. Poser has a 45.0% average return when recommending SKX, and is ranked #28 out of 3274 analysts.

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