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Fly News Breaks for January 12, 2016
SHOO
Jan 12, 2016 | 08:45 EDT
After Steve Madden said it expects its Q4 EPS to be at the low end of its previous guidance, Sterne Agee CRT continues to believe that the company has several positive catalysts poised to take hold in the spring. Among these catalysts are margin growth spurred by the Dolce Vita deal and the introduction of Blondo. The firm expects the company's results to accelerate starting in 2H16. It keeps a $45 price target and Buy rating.
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