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MARKET MOVERS

Skechers USA Inc.

July 29, 2011

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The footwear maker was raised to “buy’’ from “hold’’ at BB&T Capital Markets, which cited the odds of “greater earnings power’’ from a recovery in gross margin and reduced operating expenses. Shares of Skechers, of Manhattan Beach, Calif., soared the most since April 2009. On Wednesday, Skechers reported that it lost more than expected in the second quarter as sales fell and it unloaded inventory of its older Shape-ups sneakers. The net loss was $29.9 million, versus profit of $40.2 million a year earlier.