Citi really likes Skechers. Via Benzinga:
Meanwhile, Skechers USA Inc remains Citi’s top-rated footwear stock. Citi said with a growing global presence in athleisure, Skechers has the highest upside to its $44 target price and potential for multiple expansion over the next year.
“Our recent meetings with management, industry experts, and retailer read-throughs indicate continued momentum in athleisure in 2016, bolstered by major athletic brands’ marketing/launches around the Olympics, while incremental distribution and share gain opportunities could drive upside to SKX’s US and international revenue growth in the near-term,” Ghinst said.
Read more: http://www.benzinga.com/analyst-ratings/analyst-color/16/03/…
Matt
Long SKX
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