- Goldman upgrades Steve Madden (SHOO) from Sell to Buy and raises the price target on the shares to $69 from $43.
- Analyst Taposh Bari says the company's balance sheet is "overcapitalized [and] now has 1.3x net cash/EBITDA" which could mean "more meaningful buybacks, dividends, and/or M&A."
- Shares +3.7% premarket.
Steve Madden gets two-notch upgrade at Goldman
Aug 5 2013, 08:51 ET