Steven Madden price target lowered to $42 from $43 at UBS

UBS lowered the firm’s price target on Steven Madden (SHOO) to $42 from $43 and keeps a Neutral rating on the shares. The firm expects the company to issue “soft” fiscal 2026 earnings guidance, but says this is already priced into the shares. Steven Madden is little to issue a weak private label sales outlook as its mass channel retail partners are resisting price increases, the analyst tells investors in a research note.