Citi thinks it's time to buy Steven Madden shares.
"Given their unique speed-to-market model, SHOO is one of the only wholesalers able to participate in demand upside this spring," analyst Paul Lejuez wrote in a Thursday client note. "With inventory very lean at retail and newness in fashion footwear driving demand, we believe SHOO will begin seeing the benefit of stronger wholesale reorders in 2Q." Lejuez raised his rating on Steven Madden shares to buy from neutral.
mountain Steven Madden stock —CNBC's Michael Bloom contributed to this report.
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