Genesco slumps after B. Riley pulls bull rating due to lowered earnings expectations

Genesco's stock tumbled after B Riley Securities downgraded its rating, citing lower earnings expectations due to softer demand trends and increased...

By: Seeking Alpha

Mar 07 2024
14
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Genesco (NYSE:GCO) swung lower in late morning trading on Tuesday after B. Riley Securities dropped its rating to Neutral from Buy as it set lower earnings expectations for the specialty footwear company. Analysts Jeff Lick noted that Genesco (GCO) m... [1199 chars]

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