Steve Madden (SHOO +1.3%) jumps on an initiation at Piper Jaffray (Overweight, PT $55). Analyst...

|By:, SA News Editor

Steve Madden (SHOO +1.3%) jumps on an initiation at Piper Jaffray (Overweight, PT $55). Analyst Erinn Murphy says the company's namesake brand enjoys "top-of-mind and growing" brand awareness (how does one improve on "top-of-mind" awareness?) and should thus be able to comfortably deliver "sales growth in the high-single digits and earnings growth in the low-double digit to mid-teens range on an annual basis."