UPDATE: Genesco (GCO) Expectations Still Appear Optimistic, Goldman Sachs Downgrades to Sell
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Jefferies Cuts Price Target on Genesco (GCO) Following Soft Q1
June 1, 2015 8:21 AM EDTJefferies reiterates a Hold rating on Genesco (NYSE: GCO), and cuts the price target to $67.00 (from $69.00), following soft Q1 earnings. management cuts FY16 EPS guidance again from $5.10-$5.20 down to $4.70-$4.80.
Analyst Edward Plank commented, "Another quarter of steep margin erosion at GCO's Lids division resulted in soft 1Q earnings and prompted... More
Piper Jaffray Cuts Price Target on Genesco (GCO) Following EPS Miss
June 1, 2015 7:41 AM EDTPiper Jaffray reiterates a Neutral rating on Genesco (NYSE: GCO), and cuts the price target to $67.00 (from $69.00), following a Q1 EPS miss. Analyst Erinn Murphy reduced FY16 EPS estimates from $.10 to $4.74 based on gross margin pressure.
Murphy commented, " We are reiterating our Neutral rating and... More
