Skechers U.S.A (SKX) demand for its products remains "robust" as sales and earnings will rise "much faster" than the market anticipates, UBS said in a Wednesday note.
The company's China business should also "improve" as the year moves ahead, while Q1 is also progressing according to Skechers' expectations, analysts led by Jay Sole wrote.
Skechers' management also highlighted that Europe continues to be a "strong" market for its operations, the analysts said.
UBS expects the footwear brand to report Q1 earnings of $1.15 per share.
UBS maintained its buy rating and $90 price target on the footwear brand's stock.
Price: 55.42, Change: -0.98, Percent Change: -1.75
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