- Williams Blair analyst Sam Poser upgraded Skechers USA Inc SKX to Buy from Hold with a price target of $51 (implying 17% upside) up from $49.
- Given its "supply chain prowess," Skechers has been overcoming and will continue to overcome supply chain constraints "better than almost every company in the footwear space," Poser notes.
- While his checks indicate that orders are late, Skechers continues delivering orders in "a more timely and more complete manner than other footwear companies," he adds.
- Price Action: SKX shares are trading lower by 0.64% at $43.41 on the last check Tuesday.
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