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.
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