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Steven Madden Ltd (SHOO) Tops Q2 EPS by 1c; Guides In-Line

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Goldman Sachs Upgrades Steven Madden (SHOO) from Sell to Buy

August 5, 2013 7:21 AM EDT

Goldman Sachs upgraded Steven Madden (NASDAQ: SHOO) from Sell to Buy with a price target of $69.00 (from $43.00). Analyst Taposh Bari put focus on capital allocation.

"We believe the likelihood of shareholder value enhancing capital allocation is high at SHOO. The... More