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Skechers Stock Rises on Analyst Upgrade

Citing increased sales momentum, Susquehanna Research upgraded Skechers stock outlook from Neutral to Positive on Wednesday, causing shares to rise more than 3 percent by mid-afternoon trading. Sam Poser, Susquehanna’s footwear and apparel analyst, raised his target price on the stock from $32 to $37, pointing to positive results from Skechers’ wholesale partners as well…

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