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

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.
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