BUZZ-BofA cuts Skechers PT on tariff, China uncertainty

Reuters

Mar 24, 2025

** BofA Global Research cuts PT on shoemaker Skechers USA SKX.N to $70 from $76, cites tariffs and China uncertainty

** "The bigger incremental risk is whether Vietnam will be subject to tariffs; this would be a headwind for the entire footwear industry, not just Skechers and we expect pricing actions would need to be taken immediately if enacted" -brokerage

** SKX shares closed at $56.08 on Friday; median PT is $80 - data compiled by LSEG

** Lowers its 2025 gross margin forecast for SKX to down 40 bps from flat

** Adds China's macro challenges are still prevalent and weighing on the consumer

** Fourteen of 18 brokerages rate stock "buy" or higher, and 4 "hold" - LSEG data

** SKX shares down ~17% YTD; they rose nearly 8% in 2024

(Reporting by Ateev Bhandari in Bengaluru)

((Ateev.Bhandari@thomsonreuters.com;))

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this would be a headwind for the entire footwear industry, not just Skechers and we expect pricing actions would need to be taken immediately if enacted\" -brokerage </p><p>** SKX shares closed at $56.08 on Friday; median PT is $80 - data compiled by LSEG</p><p>** Lowers its 2025 gross margin forecast for SKX to down 40 bps from flat</p><p>** Adds China's macro challenges are still prevalent and weighing on the consumer</p><p>** Fourteen of 18 brokerages rate stock \"buy\" or higher, and 4 \"hold\" - LSEG data</p><p>** SKX shares down ~17% YTD; they rose nearly 8% in 2024   </p><p> (Reporting by Ateev Bhandari in Bengaluru)</p><p> ((Ateev.Bhandari@thomsonreuters.com;))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4585","symbol_name":"ETF&股票定投概念","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250324:nL3N3Q70YV:1","article_id":"2521729579","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2521729579","pubTimestamp":1742821908,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"BUZZ-BofA cuts Skechers PT on tariff, China uncertainty** BofA Global Research cuts PT on shoemaker Skechers USA SKX.N to $70 from $76, cites tariffs and China uncertainty** \"The bigger incremental risk is whether Vietnam will be subject to tariffs; this would be a headwind for the entire footwear industry, not just Skechers and we expect pricing actions would need to be taken immediately if enacted\" -brokerage ** SKX shares closed at $56.08 on Friday; median PT is $80 - data compiled by LSEG** Lowers its 2025 gross margin forecast for SKX to down 40 bps from flat** Adds China's macro challenges are still prevalent and weighing on the consumer** Fourteen of 18 brokerages rate stock \"buy\" or higher, and 4 \"hold\" - LSEG data** SKX shares down ~17% YTD; they rose nearly 8% in 2024     ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4585":"ETF&股票定投概念","BK4146":"鞋类","BK4558":"双十一","SKX":"斯凯奇","BK4588":"碎股"},"translate_title":"BUZZ-美国银行因关税和中国不确定性下调斯凯奇PT","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SKX":0.9},"content_text":"BUZZ-BofA cuts Skechers PT on tariff, China uncertainty** BofA Global Research cuts PT on shoemaker Skechers USA SKX.N to $70 from $76, cites tariffs and China uncertainty** \"The bigger incremental risk is whether Vietnam will be subject to tariffs; this would be a headwind for the entire footwear industry, not just Skechers and we expect pricing actions would need to be taken immediately if enacted\" -brokerage ** SKX shares closed at $56.08 on Friday; median PT is $80 - data compiled by LSEG** Lowers its 2025 gross margin forecast for SKX to down 40 bps from flat** Adds China's macro challenges are still prevalent and weighing on the consumer** Fourteen of 18 brokerages rate stock \"buy\" or higher, and 4 \"hold\" - LSEG data** SKX shares down ~17% YTD; they rose nearly 8% in 2024    (Reporting by Ateev Bhandari in Bengaluru) ((Ateev.Bhandari@thomsonreuters.com;))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}