Skechers price target lowered to $65 from $70 at Wells Fargo

Wells Fargo lowered the firm’s price target on Skechers (SKX) to $65 from $70 and keeps an Overweight rating on the shares. The firm notes questions were clearly centered around China manufacturing exposure, along with the health of the U.S. consumer. Skechers generates about 66% of its revenue outside the U.S., however, and this could prove valuable throughout 2025 both on sales and tariff impacts, Wells adds.