UPDATE: Goldman Sachs Upgrades Steven Madden Following Thesis Shift

In a report published Monday, Goldman Sachs analyst Taposh Bari upgraded Steven Madden (NASDAQ: SHOO ) from Sell to Buy, and raised the price target from $43.00 to $69.00. In the report, Goldman Sachs noted, “We upgrade SHOO to Buy from Sell and raise our 12-month price target to $69 from $43,