Skechers USA (SKX) continues to benefit from robust product demand and a strong brand presence, bolstering long-term growth potential despite tariff-related pressures expected on margins and earnings in 2025 and 2026, UBS Securities said Monday in a report.
The company's "scale and diverse business mix will help it navigate the current environment better than its peers," and Skechers is expected to "successfully implement" cost mitigation plans, UBS said.
Sketchers shares probably "will trade on deal dynamics, rather than fundamentals," after the company agreed to be acquired by 3G Capital for $9.4 billion with the buyout expected to close in Q3, the report said.
UBS downgraded its rating on Skechers stock to neutral from buy and reduced its price target to $63 from $64, citing the valuation based on the announced transaction.
Skechers shares were little changed in recent Tuesday trading.
Price: 61.38, Change: -0.01, Percent Change: -0.01
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