BTIG analyst Janine Stichter raised the firm’s price target on Steven Madden (SHOO) to $40 from $34 and keeps a Buy rating on the shares. The company’s Kurt Geiger deal is “significantly accretive” and validates the views around its long-term earnings potential when benchmarking the brand against handbag peers Coach and Kate Spade, the analyst tells investors in a research note. Steven Madden was one of the earliest to be impacted by tariffs and should also be one of the quickest to rebound, the firm added.
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