Analysts: Buy Skechers on Weakness and 3 Other Research Notes to Read
Skechers (NYSE:SKX): Sterne Agee says shares of Skechers should be bought on any weakness, following an announcement on Wednesday that BDO was appointed as the company’s new auditor. Agee is expecting the company to release higher than anticipated Q1 EPS figures, and thinks the company’s products are the strongest they’ve been over the last 10 years. It keeps a Buy rating on the shares.
Boeing (NYSE:BA): Citigroup has removed Boeing from its Top Picks Live list, citing the recent share rally, although it keeps a Buy rating on the stock and has raised its price target from $100 to $105.
Mellanox (NASDAQ:MLNX): JPM Securities recommends using weaknesses as a buying opportunities, after providing lower than expected revenue guidance for the June quarter which JMP notes still implies a 14 percent quarter-over-quarter increase. Citing bottoming fundamentals, the firm keeps an Outperform rating on the shares.
Deckers Outdoor (NASDAQ:DECK): Jefferies believes that Deckers will be its Q1 expectations, and thinks that the stock remains a top pick. It notes that sentiment on the shares is overly negative, and keeps a Buy rating on the stock with a $100 price target.
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