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Fly News Breaks for October 30, 2019
SHOO
Oct 30, 2019 | 09:38 EDT
Loop Capital analyst Laura Champine raised her price target on Steven Madden to $45 and kept her Buy rating after its Q3 revenue and earnings beat. The analyst cites strong customer demand in the company's wholesale channels as well as its overall market share gains. Champine adds that the growth of private label offerings at discount stores is offsetting the loss of Payless as a customer due to bankruptcy.
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