Steven Madden price target lowered to $52 from $53 at BTIG

BTIG lowered the firm’s price target on Steven Madden (SHOO) to $52 from $53 and keeps a Buy rating on the shares as part of a broader research note previewing 2025 for Footwear names navigating tariff uncertainty. The stock stands out in the analyst’s coverage as having the highest exposure to Chinese imports, the firm tells investors in a research note. With exposure of about 46% in 2023, which the company plans to reduce by 40%-45% in 2025, Steven Madden’s total exposure to China-sourced goods coming into the U.S. is seen at 25%, BTIG adds.