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Fly News Breaks for October 26, 2015
DSW, SHOO
Oct 26, 2015 | 08:01 EDT
Canaccord downgraded DSW (DSW) to Hold from Buy, but said it does not want its cautious stance on that name to carry over to Steven Madden (SHOO). The firm believes Steven Madden is the best positioned footwear company to navigate the current choppy environment and said they are buyers of the shares heading into Q3 results. Canaccord said they believe the company saw an uptick in demand in October as spurts of cold weather spurred traffic. Canaccord reiterated its Buy rating and $50 price target on Steven Madden shares.
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