Williams Trading downgraded Skechers (SKX) to Hold from Buy with a $63 price target after the company announced its agreement to be acquired by 3G Capital for $63 per share in cash.
Protect Your Portfolio Against Market Uncertainty
- Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
- Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SKX:
- ‘YETI Stock Could Be the Next Takeover Target,’ Says Jefferies Analyst
- Skechers downgraded to Equal Weight from Overweight at Barclays
- Skechers Downgraded to Hold Amid Acquisition by 3G Capital with Limited Upside Potential
- Skechers downgraded to Hold from Buy at Stifel
- Skechers USA Acquisition by 3G Capital: A Strategic Move for Long-Term Growth and Stability