Skechers price target lowered to $53 from $77 at Barclays

Barclays analyst Adrienne Yih lowered the firm’s price target on Skechers (SKX) to $53 from $77 and keeps an Overweight rating on the shares following the Q1 report. The company’s fiscal 2025 guidance was withdrawn but Skechers remains one of the best positioned to navigate the current volatile backdrop, the analyst tells investors in a research note.