Genesco in Vulnerable Spot Despite Recent Gains -- Market Talk

Dow Jones

2024/12/10

1605 ET - Genesco's third-quarter sales came in ahead of expectations, with margins and earnings per share also strong, but Jefferies analysts remain on the sidelines. While management is taking aggressive actions to improve the performance of its Journeys retail footprint, the current macro environment remains uncertain, the analysts say. This backdrop will likely affect consumer demand, too, the analysts add. Jefferies raises its target price to $40 from $27 previously. Shares rise 1.7% to $41.66. (sabela.ojea@wsj.com; @sabelaojeaguix)

(END) Dow Jones Newswires

December 09, 2024 16:05 ET (21:05 GMT)

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(sabela.ojea@wsj.com; @sabelaojeaguix) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 09, 2024 16:05 ET (21:05 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4094","symbol_name":"服装零售","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2490088726","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2490088726","pubTimestamp":1733778300,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1605 ET - Genesco's third-quarter sales came in ahead of expectations, with margins and earnings per share also strong, but Jefferies analysts remain on the sidelines. 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This backdrop will likely affect consumer demand, too, the analysts add. Jefferies raises its target price to $40 from $27 previously. Shares rise 1.7% to $41.66. (sabela.ojea@wsj.com; @sabelaojeaguix) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  December 09, 2024 16:05 ET (21:05 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}