- Skechers (NYSE:SKX) is on the move after Buckingham Research upgrades the shoe seller to Buy from Neutral.
- The firm was impressed with the assortment of new Skechers products displayed at the Fashion Association of New York trade show. A sales inflection point is seen about one quarter away.
- Buckingham lifts its price target by 48% to $31.
- SKX +5.58% premarket to $24.05 vs. a 52-week trading range of $18.81 to $34.27.
Skechers rallies after Buckingham points to new product cycle
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| Symbol | Last Price | % Chg |
|---|---|---|
| SKX | - | - |
| Skechers U.S.A., Inc. | ||