UPDATE: Sterne Agee Downgrades Genesco on Valuation
July 15, 2013 at 08:49 AM EDT
In a report published Monday, Sterne Agee analyst Sam Poser downgraded the rating on Genesco (NYSE: GCO ) from Buy to Neutral, and removed the $74.00 price target. In the report, Sterne Agee noted, “We are moving to the sidelines based on valuation. The recent rapid run-up in the stock
