UPDATE: Sterne Agee Downgrades Steven Madden Ltd. to Neutral, Removes PT on Valuation - Steven Madden (NASDAQ:SHOO)

27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.

In a report published Monday, Sterne Agee analyst Sam Poser downgraded the rating on Steven Madden Ltd. (NASDAQ: SHOO) from Buy to Neutral, and removed the $51.00 price target.In the report, Sterne Agee noted, “The stock is priced for perfection and is trading at our previous price target of $51. Current trends continue to be robust and management is making the right moves. Industry-leading inventory turnover, strong brand recognition, and strong track record of delivering on guidance are currently well understood by investors.”Steven Madden Ltd. closed on Friday at $50.67.

27% profit every 20 days?

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!