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Fly News Breaks for August 15, 2017
SHOO
Aug 15, 2017 | 07:22 EDT
Wedbush analyst Christopher Svezia started coverage of Steven Madden with a $48 price target and an Outperform rating. He is optimistic about the company's ability to choose products that are in-line with current trends and adjust quickly to the changes in retail. He says that the company's products have improved, making him more confident in its ability to generate strong comp sales gains in "its core Steve Madden Women's brand in the 2H17." Svezia expects the company to execute well and says its has "a strong international opportunity."
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