Steven Madden (SHOO) Reports In-Line Q2 EPS

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Jefferies Cuts Price Target on Steven Madden (SHOO) to $40; Reiterates Buy

August 3, 2016 9:42 AM EDT

Jefferies maintained a Buy rating on Steven Madden (NASDAQ: SHOO), and cut the price target to $40.00 (from $43.00), following the company's 2Q earnings report. Management again sounded upbeat and confident on trends that are resonating well, especially fashion sneakers, block heels and dress boots.... More