Steven Madden shares surge 12.19% after-hours as BTIG reiterates Buy rating with $50 price target.

Steven Madden (NASDAQ:SHOO) surged 12.19% in after-hours trading following BTIG's reiteration of a Buy rating and $50 price target, citing positive discussions with company management. This contrasts with earlier bearish sentiment, including a Jefferies downgrade to Underperform with a $30 target due to weak wholesale performance. While the downgrade likely pressured shares during regular hours, the after-hours rally reflects renewed institutional confidence in SHOO's strategic direction, aligning with the analyst upgrade.