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Believing European sales "are running below plan," Susquehanna cuts its H2 estimates on Skechers...

Believing European sales "are running below plan," Susquehanna cuts its H2 estimates on Skechers USA (SKX -12.7%) and trims a dollar off its price target, noting that "boys' and men's have been sluggish to return to growth in the U.S." While the firm thinks earnings will "grow significantly" next year, it questions how meaningful the acceleration could be.
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