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Skechers Regains Ground But Continues To See Significant Weakness

After falling sharply early in the session, shares of Skechers (SKX) have regained some ground but remain notably lower in late-day trading on Thursday. Skechers is currently down by 4.6 percent after hitting a two-month intraday low.

The early decline by Skechers came after Cowen downgraded its rating on the footwear maker's stock to Market Perform from Outperform.

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