Benzinga | Oct 19, 2021 03:36PM EDT

Williams Blair Turns Bullish On This Footwear Company

* Williams Blair analyst Sam Poser upgraded Skechers USA Inc (NYSE:SKX) to Buy from Hold with a price target of $51 (implying 17% upside) up from $49.

* Given its "supply chain prowess," Skechers has been overcoming and will continue to overcome supply chain constraints "better than almost every company in the footwear space," Poser notes.

* While his checks indicate that orders are late, Skechers continues delivering orders in "a more timely and more complete manner than other footwear companies," he adds.

* Price Action: SKX shares are trading lower by 0.64% at $43.41 on the last check Tuesday.