BUZZ-Steven Madden gains after Needham upgrades to 'buy'
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Shares of Steven Maddenrose 2.6% to $45.17 in premarket trading after Needham upgraded the stock to 'buy' from 'hold' and raised the price target to $50, indicating a potential upside of approximately 14%. The brokerage noted that changing fashion trends, with a shift away from athleisure to more formal attire, will enhance the company's performance in 2026. Additionally, the acquisition of Kurt Geiger is expected to contribute positively. Currently, 6 out of 9 brokerages rate the stock as 'buy' or higher, with a median price target of $45.
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