Telsey Advisory Group Reiterates Market Perform on Steven Madden, Maintains $39 Price Target
Portfolio Pulse from Benzinga Newsdesk
Telsey Advisory Group analyst Dana Telsey has reiterated a 'Market Perform' rating on Steven Madden (NASDAQ:SHOO) and maintained a price target of $39.
November 15, 2023 | 10:35 am
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NEUTRAL IMPACT
Steven Madden's stock rating of 'Market Perform' has been reaffirmed by Telsey Advisory Group, with no change to the price target of $39.
The reiteration of the 'Market Perform' rating and the maintenance of the price target at $39 by Telsey Advisory Group suggests a neutral outlook for SHOO's stock in the short term. The analyst's view is unchanged, indicating that there are no new expectations that could significantly move the stock price. Therefore, the impact on the stock is likely to be minimal as the market has already absorbed this information.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100