Skechers (SKX) receives an Underperform and $11 PT from Wedbush, which expects shares will move...

|About: Skechers USA Inc. (SKX)|By:, SA News Editor

Skechers (SKX) receives an Underperform and $11 PT from Wedbush, which expects shares will move lower due to the the weaker-than-expected performance of the shoemaker's GOrun line, which stands to impact Fall orders from wholesalers. Forex headwinds, operating expense deleveraging, inventory issues, and a lack of upcoming catalysts are also seen as reasons to be bearish.