Shares of Skechers (SKX -4.3%) trade lower after Wedbush initiates coverage on the company with...

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

Shares of Skechers (SKX -4.3%) trade lower after Wedbush initiates coverage on the company with a dour Underperform rating. The Street isn't overly optimistic about the stock with only 1 rating out of 7 on the books above a Hold.