The Traderszone Network

Published in TZ Latest News 23 September, 2014 by The TZ Newswire Staff

Skechers Runs Ahead As It Leaves Toning Shoes Behind

Many shoe sellers saw sales slow as the fall shopping season wrapped up earlier this month. But for investors, that could lead to new buy opportunities. Skechers (SKX) stumbled 8% on Sept. 17 in huge volume after Sterne Agee cited a sharp slowdown in weekly sales, but said it was a temporary issue stemming from the end of back-to-school sales. The analyst maintained a buy rating and 70 price target on the stock.

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