Sterne Agee Downgrades Genesco (GCO) to Neutral on Valuation

July 15, 2013 7:24 AM EDT Send to a Friend
Get Alerts GCO Hot Sheet
Price: $80.08 +1.43%

Rating Summary:
    5 Buy, 5 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
Trade GCO Now!
Join SI Premium – FREE
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.


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Downgrades

Related Entities

Sterne Agee

Add Your Comment