Telsey Advisory raised the firm’s price target on Steven Madden (SHOO) to $45 from $43 and keeps an Outperform rating on the shares. While sales came in below expectations, the firm believes the company is bringing “trend-right products” to market quickly and that it is well positioned to benefit from a potential cyclical improvement in the fashion segment, the analyst tells investors.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SHOO:
- Steven Madden price target raised to $50 from $40 at Piper Sandler
- Steven Madden price target raised to $43 from $26 at UBS
- Steven Madden Reports Q3 2025 Earnings with Revenue Growth
- Steve Madden’s Earnings Call: Mixed Sentiment Amid Challenges
- Steven Madden Reports Q3 Revenue Growth Amid Tariff Challenges