Stifel downgraded Skechers (SKX) to Hold from Buy with a price target of $63, up from $62, after Skechers announced that it agrees to be acquired by 3G Capital for $63 per share. Given the unanimous approval by the board and insider control of the vote, the firm sees “little capacity for altered terms of the deal,” adding that appetite from private investors “represents a pathway to value realization for similarly tariff-impacted businesses with solid franchises and attractive valuation.”
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