Steven Madden price target raised to $23 from $22 at UBS

UBS raised the firm’s price target on Steven Madden (SHOO) to $23 from $22 and keeps a Neutral rating on the shares. While Steven Madden has multiple long-term global growth opportunities given its position as a leader within the women’s fashion footwear industry, the firm sees limited upside to the Street’s fiscal 2025 EPS estimates, the analyst tells investors in a research note. Uncertainty surrounding the level of impact tariffs have on Steven Madden’s business will likely continue to weigh on sentiment, the firm adds.