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Fly News Breaks for May 14, 2015
GCO
May 14, 2015 | 06:43 EDT
Piper Jaffray believes Genesco's Q1 results could miss consensus expectations "considerably" as the Lids business "works through growing pains and inventory liquidation." Piper's Q1 earnings per share estimate of 55c is 15c below consensus. It expects Genesco shares to be volatile over the near-term and keeps a Neutral rating on the name with a $69 price target.
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