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Susquehanna Neutral-To-Bullish On Footwear Stocks

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Susquehanna Neutral-To-Bullish On Footwear Stocks
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Susquehanna reviewed the performance of at least eight companies from the Footwear sector. Some have already reported earnings for the second quarter.

The brokerage rated three stocks with a Neutral rating and kept a positive rating in the remaining five shares.

Let's take a look:

  • Started Deckers Outdoor Corporation (NYSE: DECK) shares with a Neutral rating and $59 price target. The brokerage expects the move to open up UGG distribution and launching of Koolaburra by UGG in selected retailers to impact UGG brand in the long-term.
  • Crocs, Inc. (NASDAQ: CROX) shares were initiated with a Neutral rating and $9.50 as the price objective.
  • Initiated Sketchers USA Inc (NYSE: SKX) stock with a Neutral rating and a price tag of $27. The brokerage cited increased inventory and investments to keep them in the sidelines.
  • Started Foot Locker, Inc. (NYSE: FL) with a Positive rating and kept a price objective of $73 on the positive side and $51 on the pessimistic side. The brokerage sees never-ending strength in athletic and casual athletic footwear.
  • Initiated coverage on Hibbett Sports, Inc. (NASDAQ: HIBB) with a positive rating and price tag of $45. Its entry to digital age, though late, would result in revenue growth.
  • Started Steve Madden, Ltd. (NASDAQ: SHOO) with Positive rating and $42 price objective. The brokerage believes strong brands are key to the story.
  • Initiated coverage on Under Armour, Inc. (NYSE: UA) with a positive rating and $50 as the price tag. It was one of the top picks of the brokerage. Analysts think that the company's ‘brand first' focus would fuel revenue upside of 25 percent.
  • Started coverage on Dick's Sporting Goods Inc (NYSE: DKS) with a Positive rating and a price objective of $65.

Latest Ratings for CROX

DateFirmActionFromTo
May 2018Stifel NicolausDowngradesBuyHold
Apr 2018SusquehannaDowngradesNeutralNegative
Mar 2018PiperJaffrayUpgradesNeutralOverweight

View More Analyst Ratings for CROX
View the Latest Analyst Ratings

Posted-In: SusquehannaLong Ideas Price Target Initiation Analyst Ratings Trading Ideas Best of Benzinga

 

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