Genesco price target raised to $38 from $27 at Truist

Truist raised the firm’s price target on Genesco (GCO) to $38 from $27 and keeps a Hold rating on the shares after meeting with its management team at ICR Conference. The company provided a very strong Holiday update raising FY26 EPS guidance to $1.30 from $0.95 previously due largely to stronger-than-expected results at Journeys, the analyst tells investors in a research note. After weakness into November, trends materially picked up closer to the holidays with conversion ticking materially higher, the firm added.