Sterne Agee Assigns Buy On Steven Madden Shares
In a research report issued today, Sterne Agee analyst Sam Poser assigned a Buy rating on Steven Madden (NASDAQ:SHOO). No price target was provided.
Poser wrote, “The balance of 2014 will be challenged due to a fairly directionless retail environment. The revised guidance appears to be baking in the worst case scenario for the balance of the year. SHOO executes as well if not better than anyone in the fashion space. Such execution, along with easing compares and the recent acquisitions of SM Mexico and Dolce Vita will create positive momentum as we head into 2015.”
According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Sam Poser has a total average return of 17.4% and a 67.3% success rate. Poser has a 6.2% average return when recommending SHOO, and is ranked #31 out of 3354 analysts.