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Fly News Breaks for March 9, 2016
GCO
Mar 9, 2016 | 07:19 EDT
Piper Jaffray analyst Erinn E. Murphy said she has increased conviction in Genesco's margin recovery story and believes traffic has improved, albeit modestly in February. She raised her price target on the stock to $70 from $65, citing the year-to-date multiple expansion for the overall footwear group. Genesco is scheduled to report earnings before the open on Friday, March 11.
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