Seeking Alpha

Steve Madden gets two-notch upgrade at Goldman

  • 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.
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|