Steve Madden (SHOO -1.5%) falls after catching a downgrade to Neutral from Buy at Sterne Agee as...

|By:, SA News Editor

Steve Madden (SHOO -1.5%) falls after catching a downgrade to Neutral from Buy at Sterne Agee as the shares bump up against analyst Sam Poser's price target. At 15x 2014 estimates, the stock is rich compared to its historical valuation, Poser says.