5 Most Important Stock Analyst Ratings to Watch

Page 1 of 5

In this article, we discuss the 5 most important stock analyst ratings to watch. If you want to read our detailed analysis of these companies, go directly to 10 Most Important Stock Analyst Ratings to Watch.

5. Skechers U.S.A., Inc. (NYSE:SKX)

Number of Hedge Fund Holders: 28

Shares of Skechers U.S.A., Inc. (NYSE:SKX) closed higher on Wednesday, June 15, 2022, after receiving an upgrade from Argus. The research firm improved its ratings for the footwear company from “Hold” to “Buy” and set a price target of $44 per share for the stock.

Argus analyst John Staszak believes that Skechers’ supply-chain measures and strong brand would likely boost its profit and sales over the next two years. Staszak also lifted his fiscal 2022 and fiscal 2023 earnings projections for the company by 5 cents each to $3 per share and $3.75 per share, respectively. The revised earnings projections reflect new products, improved margins, and growth across its online, retail and wholesale channels.

Page 1 of 5