Williams Trading last night upgraded Steven Madden (SHOO) to Buy from Hold with a $31 price target Trends, especially in women’s dress shoes and western boots, “are starting to move Steve Madden’s way,” the analyst tells investors in a research note. Also, clips from Steve Madden’s, the company’s founder and design Chief, May 21 appearance on The Cutting Room Floor podcast has gotten over 24M views, the firm points out. Williams believes the combination of a resurgence of women’s dress shoes and the reintroduction of Steve Madden will drive more interest to the brands, and give the company some leverage with its wholesale accounts.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SHOO:
- Steven Madden upgraded to Buy from Hold at Williams Trading
- Steven Madden management to meet with BTIG
- Steven Madden: Navigating Tariff Relief and Fashion Trends Amidst Sales Pressures and Cost Challenges
- Steven Madden management to meet with Telsey Advisory
- Steven Madden Stockholders Approve Key Proposals at Annual Meeting
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue