Fly News Breaks for December 10, 2019
Dec 10, 2019 | 09:39 EDT
Loop Capital analyst Laura Champine raised her price target on Steven Madden to $48 and kept her Buy rating after holding a call with its management. The analyst believes that the company is "selling briskly" to its end customers, especially in the wholesale channels, while also gaining market share. Champine adds that while she is cutting her FY20 EPS view by 7c to $2.14 on tariff concerns and the exit from the Kate Spade license, she sees "more complete" tariff mitigation over time.
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