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Genesco seen as more attractive after inventory cleanup

Mar. 14, 2016 8:58 AM ETGenesco Inc. (GCO) StockGCOBy: Clark Schultz, SA News Editor
  • Jefferies thinks Genesco (NYSE:GCO) looks more attractive after the company cleaned up its inventory position.
  • The investment firm sees FY17 as the start of "substantial" gross margin recovery for Genesco's Lids division (sports gear) and sees upside for the Journeys business (teen shoes).
  • Jefferies ups its price target to $65.

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