Jefferies reiterated a Hold rating and $46 price target on Steven Madden (SHOO) after the firm met with members of the company’s management team. While Steven Madden has been able to diversify its growth outside of U.S. footwear, the firm remains cautious given consumer demand, and the tariff situation could remain volatile. Jefferies added that it believes shares are likely to be range-bound over the next 6-12 months. Shares of Steven Madden are down 6.3% in afternoon trading.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SHOO:
- Steven Madden management to meet with Needham
- Steven Madden management to meet with Loop Capital
- Steven Madden management to meet with Telsey Advisory
- Steven Madden price target lowered to $44 from $46 at UBS
- Trump Trade: Andrew Ferguson tagged as next chair of FTC
Questions or Comments about the article? Write to editor@tipranks.com