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Fly News Breaks for January 2, 2018
GCO
Jan 2, 2018 | 05:23 EDT
Jefferies analyst Randal Konik upgraded Genesco to Buy and raised his price target for the shares to $40 from $27. With the stock near trough multiples and well below the peer group, the market is underappreciating the potential earnings power of the Journeys segment, Konik tells investors in a research note. He believes market fears over the company's real estate exposure are overblown.
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