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Fly News Breaks for January 31, 2017
SHOO
Jan 31, 2017 | 05:39 EDT
Citi analyst Corinna Van der Ghinst upgraded Steven Madden to Buy saying a stronger fashion cycle and product momentum, along with "clean" inventories and "best-in-class" execution, make for a "strong setup" going into 2017. The analyst expects Steven Madden to gain share in a challenging retail environment and keeps a $40 price target for the shares.
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