Sterne Agee Downgrades Genesco (GCO) to Neutral on Valuation
Tweet
Share
E-mailGet Alerts GCO Hot Sheet
Price: $34.82 +0.52%
Rating Summary:
4 Buy, 10 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 7 | Down: 16 | New: 37
Rating Summary:
4 Buy, 10 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 7 | Down: 16 | New: 37
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.
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
- Freedom Broker Downgrades Flexsteel (FLXS) to Hold
- Berenberg Downgrades PolyPeptide Group AG (PPGN:SW) to Hold
- Stifel Downgrades Weave Communications Inc (WEAV) to Hold
Create E-mail Alert Related Categories
DowngradesRelated 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!
