BTIG lowered the firm’s price target on Steven Madden (SHOO) to $46 from $52 and keeps a Buy rating on the shares after meeting with its management team. The firm remains confident in the company’s ability to navigate higher tariffs over time, but is also reducing its estimates to take into account near-term headwinds from newly announced tariffs on China and Mexico, which will be hard to mitigate particularly in the first half of 2025, the analyst tells investors in a research note.
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