Sterne Agee Upgrades Genesco (GCO) to Buy
GCO Hot Sheet
Rating Summary:1 Buy, 0 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 3 | Down: 1 | New: 5
Sterne Agee upgrades Genesco (NYSE: GCO) from Neutral to Buy.
The upgrade follows yesterday morning's Q1 results, which came in much better than Street analysts had been expecting.
Despite management saying it is "now slightly more comfortable" with its previously issued FY10 outlook, shares of Genesco ended yesterday's trading session down about 7 cents from Wednesday's close. Today, however, traders may be responding to the analyst upgrade as shares of Genesco are currently up 6.4% to $25.31.
Genesco Inc. engages in the retail of footwear, and licensed and branded headwear; and the wholesale of footwear primarily in the United States.
The upgrade follows yesterday morning's Q1 results, which came in much better than Street analysts had been expecting.
Despite management saying it is "now slightly more comfortable" with its previously issued FY10 outlook, shares of Genesco ended yesterday's trading session down about 7 cents from Wednesday's close. Today, however, traders may be responding to the analyst upgrade as shares of Genesco are currently up 6.4% to $25.31.
Genesco Inc. engages in the retail of footwear, and licensed and branded headwear; and the wholesale of footwear primarily in the United States.
You May Also Be Interested In
- UPDATE: Auriga Upgrades Lifepoint Holdings (LPNT) to Buy; Use Recent Pullback As Opportunity
- UBS Maintains a 'Neutral' on Ralcorp Holdings (RAH); Trimming Numbers After Q2 Miss
- UBS Raises Price Target and Estimates on Williams-Sonoma (WSM); Positive Momentum Is Beginning To Pick Up
Create E-mail Alert Related Categories
UpgradesRelated Entities
Sterne AgeeSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
