Wunderlich Securities Sees Steven Madden Ltd. Building for the Future

In a report published Tuesday, Wunderlich Securities analyst Danielle McCoy reiterated a Buy rating and $39.00 price target on

. In the report, Wunderlich Securities noted, “We are reiterating our Buy rating, $39 price target, and estimates after Steven Madden (SHOO) presented at the 2015 ICR XChange conference yesterday. Despite 2014 challenges, management remained committed to diversifying the business model, while driving shareholder value. As such, Steven Madden has laid the foundation to drive both top- and bottom-line upside and, in our view, has set realistic goals for 2017. Further, with positive initial reads suggesting new trends are in fact emerging for Spring, we believe Steve Madden will be one of the first to capitalize and improve margin performance.” Steven Madden Ltd. closed on Monday at $33.97.