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Fly News Breaks for November 8, 2018
SHOO
Nov 8, 2018 | 06:13 EDT
Piper Jaffray analyst Erinn Murphy remains bullish on shares of Steven Madden after traveling with management this week in Canada. The strength of the Steve Madden brand, the company's "strong" balance sheet and its accelerating international growth story position Steven Madden to continue to take share within the women's footwear space, Murphy tells investors in a research note. She sees a favorable setup into the holiday and keeps an Overweight rating on the shares with a $37 price target.
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