Genesco price target raised to $31 from $25 at Truist

Truist analyst Joseph Civello raised the firm’s price target on Genesco (GCO) to $31 from $25 and keeps a Hold rating on the shares. The company reported solid Q2 results as momentum for the Journeys turnaround continues to build, the analyst tells investors in a research note. Genesco’s Q3 is also off to a strong start, with Journeys comping up double-digits over last year’s double-digit gains on strong back to school trends, Truist added. The firm notes however that while it is encouraged by current trends, it also remains cautious due to the choppy macro.