Wunderlich Securities Sees Steven Madden Building For The Future
In a report published Tuesday, Wunderlich Securities analyst Danielle McCoy reiterated a Buy rating and $39.00 price target on Steven Madden, Ltd. (NASDAQ: SHOO).
In the report, Wunderlich Securities noted, “We are reiterating our Buy rating, $39 price target, and estimates after Steven Madden (SHOO) presented at the 2015 ICR XChange conference yesterday. Despite 2014 challenges, management remained committed to diversifying the business model, while driving shareholder value. As such, Steven Madden has laid the foundation to drive both top- and bottom-line upside and, in our view, has set realistic goals for 2017. Further, with positive initial reads suggesting new trends are in fact emerging for Spring, we believe Steve Madden will be one of the first to capitalize and improve margin performance.”
Steven Madden closed on Monday at $33.97.
Latest Ratings for SHOO
Date | Firm | Action | From | To |
---|---|---|---|---|
Jan 2022 | Loop Capital | Upgrades | Hold | Buy |
Dec 2021 | Piper Sandler | Upgrades | Neutral | Overweight |
Nov 2021 | Telsey Advisory Group | Maintains | Market Perform |
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Posted-In: Danielle McCoy Wunderlich SecuritiesAnalyst Color Reiteration Analyst Ratings