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Fly News Breaks for April 12, 2016
SHOO
Apr 12, 2016 | 17:49 EDT
Piper Jaffray analyst Erinn Murphy downgraded Steven Madden to Neutral from Overweight based on the findings of the firm's semi-annual Taking Stock With Teens survey, which showed a deceleration in Steve Madden's "mindshare" across both footwear and handbags, and also showed that there is no slowdown in athletic trends for women. The firm lowered its price target on Steve Madden shares to $36 from $38.
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