Canaccord Genuity Reiterates a 'Buy' on Steven Madden (SHOO); Exciting Visit To Showroom
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Price: $48.52 +1.89%
Rating Summary:
6 Buy, 1 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
6 Buy, 1 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade SHOO Now!
Canaccord Genuity reiterates a 'Buy' on Steven Madden (NASDAQ: SHOO) price target of $53.00.
Analyst, Camilo Lyon, said, "We visited the Steve Madden showroom during the FFANY shoe show last week and the underlying message remains – SHOO is one of the few footwear companies that continues to stay ahead of the fashion curve. Consistent with trends that began emerging late last year, fashion is moving away from dress to casual. Specifically, we are seeing more flats and sneakers, both with added embellishments and color. With plenty newness in the market, we believe SHOO remains well positioned to deliver consistent growth and as such we reiterate our rating."
For an analyst ratings summary and ratings history on Steven Madden click here. For more ratings news on Steven Madden click here.
Shares of Steven Madden closed at $39.44 yesterday, with a 52 week range of $27.80-$45.70.
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Analyst, Camilo Lyon, said, "We visited the Steve Madden showroom during the FFANY shoe show last week and the underlying message remains – SHOO is one of the few footwear companies that continues to stay ahead of the fashion curve. Consistent with trends that began emerging late last year, fashion is moving away from dress to casual. Specifically, we are seeing more flats and sneakers, both with added embellishments and color. With plenty newness in the market, we believe SHOO remains well positioned to deliver consistent growth and as such we reiterate our rating."
For an analyst ratings summary and ratings history on Steven Madden click here. For more ratings news on Steven Madden click here.
Shares of Steven Madden closed at $39.44 yesterday, with a 52 week range of $27.80-$45.70.
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