In This Article:
BTIG lowered the firm’s price target on Steven Madden (SHOO) to $52 from $53 and keeps a Buy rating on the shares as part of a broader research note previewing 2025 for Footwear names navigating tariff uncertainty. The stock stands out in the analyst’s coverage as having the highest exposure to Chinese imports, the firm tells investors in a research note. With exposure of about 46% in 2023, which the company plans to reduce by 40%-45% in 2025, Steven Madden’s total exposure to China-sourced goods coming into the U.S. is seen at 25%, BTIG adds.
Pick the best stocks and maximize your portfolio:
-
Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
-
Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on SHOO: