** TD Cowen downgrades footwear firm Skechers SKX.N to "hold" from "buy", maintains PT at $63
** Brokerage says chance of another buyer making an offer for Skechers is now closed
** Co announced plans on May 5 to sell to 3G Capital in a so-called take-private deal for about $9.4 billion
** Co shares marginally down at $62.03 in premarket trading
** "3G's playbook of boosting margins through cost-cutting and efficiencies certainly creates the likelihood that we will see Skechers come public again in the distant future"- TD Cowen
** Additionally, brokerage thinks "near-term sector sentiment is at risk if Vietnam and other Southeast Asian countries see tariffs higher than 10% on softlines categories"
** Average rating of 17 analysts is "hold"; median PT is $63 — data compiled by LSEG
** As of last close, SKX down ~7.7% YTD
(Reporting by Akriti Shah in Bengaluru)
((akriti.shah@thomsonreuters.com))
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