Wedbush Reiterates Neutral on Steven Madden, Maintains $36 Price Target
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Tom Nikic has reiterated a Neutral rating on Steven Madden (NASDAQ:SHOO) and maintained a price target of $36.
November 29, 2023 | 1:25 pm
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Wedbush analyst Tom Nikic reiterated a Neutral rating on Steven Madden, with no change to the price target of $36.
The reiteration of a Neutral rating and maintenance of the existing price target suggests no significant change in the company's outlook or valuation according to Wedbush. This is likely to have a neutral short term impact on the stock as it does not alter the investment thesis.
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