Steven Madden (SHOO) Tops Q1 EPS by 1c; Guides FY15 In-Line

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Steven Madden (SHOO) PT Raised to $50 at Canaccord Genuity

April 27, 2015 10:26 AM EDT

In a note out earlier today, Canaccord Genuity analyst Camilo Lyon reiterated a Buy rating and boosted his price target on Steven Madden (NASDAQ: SHOO) to $50.00 (from $43.00) following strong Q1 results.

Analyst Lyon commented, "SHOO reported better-than-expected Q1 EPS of 32c, of which the key metric was exceptionally strong retail comps of... More