Steven Madden price target lowered to $36 from $46 at BTIG

BTIG lowered the firm’s price target on Steven Madden (SHOO) to $36 from $46 and keeps a Buy rating on the shares as part of a broader research note on Consumer Retail and Lifestyle Brands. Q1 earnings season will be different from most, with minimal focus on Q1 results, as Q1 did not capture significant tariff implementation or most of the escalated tariff rhetoric, and the firm sees outlooks either being withdrawn, or carrying little weight if held, the analyst tells investors in a research note. The firm is reducing estimates and targets across this group of early reporters to reflect near-term tariff impacts, BTIG adds.