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Fly News Breaks for May 25, 2017
GCO
May 25, 2017 | 13:42 EDT
SunTrust analyst Pamela Quintiliano would be a buyer of Genesco shares on today's weakness following the disappointng Q1 report and guidance. The analyst said trends have improved quarter-to-date with the warm weather, online growth is above expectations at both Journeys and Lids, markdowns at Journey should not be severe, and the company should begin to see the benefits in digital investments next year. Quintiliano rates Genesco a Buy with a $76 price target.
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