Citigroup Downgrades Steven Madden to Neutral, Announces $41 Price Target
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Paul Lejuez downgraded Steven Madden (NASDAQ:SHOO) from Buy to Neutral and set a $41 price target.

February 07, 2024 | 12:03 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Citigroup downgraded Steven Madden to Neutral from Buy and set a price target of $41.
Analyst downgrades typically lead to a negative short-term reaction in the stock price as they suggest a less optimistic outlook on the company's future performance. The setting of a specific price target provides a benchmark that can influence investor expectations and market sentiment towards the stock.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100