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Fly News Breaks for January 11, 2016
GCO
Jan 11, 2016 | 08:52 EDT
Morgan Stanley analyst Jay Sole upgraded Genesco to Overweight and increased his price target to $81 from $71 on shares. Sole said Q4 store checks indicate solid sales and inventory that is back in control. The analyst expects Genesco's Q4 sales/inventory growth ratio to turn positive, signaling the Lids inventory issues are behind it.
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