Steven Madden reflects favorable risk/reward, says Brean Capital

theflyonthewall.com

Brean Capital would be aggressive buyers of Steve Madden as they believe shares reflect a favorable risk/reward. The firm said the company remains poised for both short and long-term growth citing its healthy cash balance, the revamping of its e-commerce platform, and its activity in the M&A market. Shares are Buy rated with a $56 price target.

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