- Susquehanna upgrades Skecher (NYSE:SKX) to a Positive rating after having a Neutral view on the footwear stock.
- The investment firm thinks the "bad news" on Skechers is already priced in and that management has the company poised for a turnaround in 2017.
- Seeking Alpha contributors have been forcefully making the same point on Skechers' valuation over the last two weeks. The SA consensus seems to be that SKX is at a bargain price.
- Previously: Skechers descends to 52-week low after Morgan Stanley cut (Sept. 21)
- SKX +2.24% premarket to $22.40.