Wedbush Maintains Neutral on Steven Madden, Raises Price Target to $38
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Tom Nikic has maintained a Neutral rating on Steven Madden (NASDAQ:SHOO) and increased the price target from $36 to $38.

February 07, 2024 | 1:21 pm
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Wedbush has maintained a Neutral rating on Steven Madden and raised the price target from $36 to $38.
The increase in price target by Wedbush reflects a positive outlook on Steven Madden's stock value in the short term, potentially leading to an upward movement in its stock price. However, the Neutral rating indicates that the analyst sees the stock as fairly valued at its current price, suggesting limited upside potential.
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IMPORTANCE 75
RELEVANCE 100