SKX - Deutsche Bank bullish on Nike Birkenstock and Skechers but sees competition holding back Lululemon
2024-06-13 11:06:21 ET
Deutsche Bank resumed coverage of leading names in the sportswear/footwear sector, taking a mostly bullish outlook by placing a Buy on Nike ( NYSE: NKE ), Birkenstock ( NYSE: BIRK ), and Skechers ( NYSE: SKX ) but a Hold on Lululemon ( NASDAQ: LULU ). The company stands out as the only cautious rating in light of challenges from ascendant competitors and shifting consumer tastes....
Deutsche Bank bullish on Nike, Birkenstock, and Skechers, but sees competition holding back Lululemon