SKX - Nike Poshmark and ThredUp top the list of favorite apparel stocks at Wedbush

Wedbush launches new coverage in the footwear and apparel sector with a wave of bull ratings. Analyst Tom Nikic points to a healthy consumer, easy comparables for Q4 and the eventual return of foreign tourism as sector tailwinds that could boost demand beyond expectations. It is a nice dose of confidence for the sector amid the expectation for supply to be constrained into the spring for some companies. Sorting through the names and supply chain implications, Wedbush starts off Under Armour (UAA +2.4%), Nike (NKE +2.2%), Adidas (OTCQX:ADDYY -1.2%), Poshmark (POSH -0.1%), ThredUP (TDUP +6.9%), Revolve Group (RVLV +6.2%), PVH (PVH +2.3%), Steven Madden (SHOO +1.3%) and Ralph Lauren (RL +3.3%) with Outperform ratings. Coverage is launched on Deckers Outdoor (DECK -0.7%), Skechers (SKX +1.1%), Farfetch (FTCH -0.8%), Foot Locker (FL -1.6%), HanesBrands (NYSE:HBI), VF Corp. (VFC -1.3%), Carter's (CRI -0.7%), RealReal (REAL -1.8%) and Stitch Fix (SFIX +0.3%) with

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Nike, Poshmark and ThredUp top the list of favorite apparel stocks at Wedbush