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Sterne Agee Downgrades Genesco (GCO) to Neutral on Valuation

July 15, 2013 7:24 AM EDT Send to a Friend
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Price: $76.91 +0.34%

Rating Summary:
    4 Buy, 2 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 23 | Down: 7 | New: 19
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Sterne Agee downgraded Genesco (NYSE: GCO) from Buy to Neutral on valuation, although they say the long term story remains intact.

While analyst Sam Poser considers Genesco at good company will solid management, the 17% run-up since 6/24 (6.5% for SPX) makes the case for staying on the sidelines and waiting for a better entry point.

For an analyst ratings summary and ratings history on Genesco click here. For more ratings news on Genesco click here.

Shares of Genesco closed at $74.41 yesterday.




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