Seaport Research lowered the firm’s price target on Genesco (GCO) to $38 from $42 and keeps a Buy rating on the shares. The firm is disappointed by the revised guidance for FY26, but remains bullish on Journey’s path and anticipates substantial EPS increase in FY27, the analyst tells investors.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GCO:
- Genesco Inc. Reports Steady Growth in Q3 Earnings
- Genesco’s Earnings Call: Mixed Sentiments and Strategic Moves
- Genesco’s Mixed Performance: Balancing Growth and Margin Pressures Leads to Hold Rating
- Genesco price target lowered to $26 from $29 at Jefferies
- Morning News Wrap-Up: Thursday’s Biggest Stock Market Stories!
